Summary
- Ireland, which holds the European Union’s rotating presidency, has proposed cutting the bloc’s 2028–2034 budget by 8% from the European Commission’s original plan, in a bid to bridge divisions among member states over spending.
- Ireland said its proposed “Negotiating Box” would deliver savings of 8% against the Commission’s original plan.
- Agreement on the bloc’s long-term budget, known as the multiannual financial framework, requires unanimity among all 27 member states.
AI Generated Summary
Ireland, which holds the European Union’s rotating presidency, has proposed cutting the bloc’s 2028–2034 budget by 8% from the European Commission’s original plan, in a bid to bridge divisions among member states over spending.
The proposal would reduce the budget by €141 billion. It puts the total at about €1.6 trillion in the headline comparison, or €1.76 trillion when calculated at 2025 prices, compared with the Commission’s proposed €2 trillion.
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