The multi-year EU budget is expected to increase from 1.2 to two trillion euros. More money is likely to flow for armament and safety, while farmers are afraid of cuts. Planned taxes for large companies and tobacco and plastic are enthusiastic about the Member States.
These are trillion amounts that the EU needs, now the proposal for the “Multiple year Financial Framework” from 2028. The entire budget from 2028 to 2034 is expected to increase from 1.2 trillion euros to two trillion euros.
Considerably more money for armor
More money must flow into armament and security. Military expenditures are largely in the hands of the nation states, but the EU itself also wants 131 billion euros available in the future.
The EU committee also wants to take more money about competitiveness. Moreover, a pan is planned for the Ukraine structure, with 88 billion euros, which are “outside”.
Farmers fear fewer subsidies
At the same time, the Commission places lush agricultural subsidies on the test and puts the funds for rural development and direct financing together in a fund. Many farmers fear cuts and protest. Nevertheless, around 300 million euros are still budgeted for the agricultural sector.
Less developed regions are expected to benefit 218 billion euros, and 451 billion euros will be eliminated in the competition fund. 200 billion euros are summarized under the function “Global Europe”, which are funds for development aid and neighboring countries.
But how does the EU want to finance all of this?
In any case, the wish of the Member States to transfer more to the EU is low, also in the light of large shortages. The system is currently mainly financed from membership costs. But the EU has new ideas. Large companies must be tapped over a certain sales limit, so far there have been 50 million euros rumors. In addition, higher taxes, for example for tobacco and plastic, must rinse money in the Clammy treasure box.
Countries and the EU parliament must agree to plan
The committee’s proposal only the prelude to heavy negotiations with the states, and the parliament must also agree. How large the financial framework actually expires is still a matter of countless conversations.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
