Particle.news
Download on the App Store
10 ARTICLES
·
2d ago

European Commission Unveils €1.816 Trillion Budget Framework for 2028–34

The draft plan raises the bloc’s spending ceiling to 1.26 percent of GNI, triggering a two-year negotiation over pandemic debt, farm subsidies, security, climate goals, new EU taxes.

European Commission president Ursula von der Leyen delivers her speech during a statement on the preparation for the EU–China Summit, Tuesday, July 8, 2025 at the European Parliament in Strasbourg, eastern France. (AP Photo/Pascal Bastien)
The EU has to balance a growing list of priorities in the budget including bolstering security, while avoiding a new fight with farmers
Image
Image

Overview

  • Commissioners approved a €1.816 trillion proposal in 2025 prices after intense internal talks, representing a jump from the current 1.1 percent to 1.26 percent of EU gross national income.
  • The figure factors in projected inflation and the annual burden of roughly €25–30 billion for pandemic-era debt repayments from 2028.
  • Under the draft, the Common Agricultural Policy would be folded into a new partnership fund model, prompting warnings from Copa-Cogeca about reduced guarantees for farmers.
  • To diversify funding beyond national contributions and customs duties, the plan includes a turnover tax on large companies, higher tobacco levies and an electronic waste charge.
  • Its formal unveiling launches at least two years of negotiations with member states, the European Parliament and sector stakeholders over spending priorities.