The proposal

EU budget: the Presidency of the Council proposes cuts totalling 141 billion to the budget

The Irish Presidency of the Council of the EU is keeping all five new own resources (budget revenue other than Member States’ contributions) proposed by the European Commission to finance the 2028–2034 Multiannual Financial Framework on the table, despite the opposition already expressed by many countries

10 October 2026

Aggiungi Il Sole 24 Ore
ai preferiti su Google

Meloni: Lettera all'Ue su flessibilità condivisa anche da Grecia. Ne ho parlato con von der Leyen

2' min read

Translated by AI

Versione italiana

2' min read

Translated by AI

Versione italiana

The Irish Presidency of the Council of the EU proposes a multiannual budget for 2028–2034 totalling €1,622 billion at constant 2025 prices, representing a cut of €141 billion compared with the European Commission’s initial proposal (8 per cent).

The figure, set out in the new negotiating draft (‘negobox’) sent to the 27 Member States, is also some 308 billion lower than the European Parliament’s request.

The cut proposed by the Irish Presidency is entirely directed at resources earmarked for European policies, whilst the allocation of 149.3 billion for the repayment of the Next Generation EU debt remains unchanged.

Competere o sparire, la versione di Draghi sull’Ue

Five new own resources remain on the table in the new proposal for the EU budget

The Irish Presidency of the Council of the EU is keeping all five new own resources (budget revenue other than Member States’ contributions) proposed by the European Commission to finance the 2028–2034 Multiannual Financial Framework on the table, despite the opposition already expressed by many countries.

The new negotiating text sent to the 27 Member States still includes the levy on large enterprises, revenue from tobacco and electronic waste, as well as a share of the proceeds from the European Emissions Trading Scheme (ETS) and the Carbon Border Adjustment Mechanism (CBAM), the so-called climate tariff on imports.

La sfida di finanziare l'energia del futuro, il punto alla Giornata del credito

For businesses with an annual net turnover in excess of 100 million euros, a grant of between 100,000 and 750,000 euros is provided for, depending on their size. On tobacco, the draft specifies a rate of 15 per cent for calculating the national contribution, whilst for uncollected electronic waste it provides for €2 per kilogramme. As for CO₂-related revenue, the document specifies that 30 per cent of ETS proceeds and 90 per cent of CBAM proceeds are to be transferred to the EU budget. However, all new resources remain in brackets within the ceiling, indicating that an agreement has not yet been reached.

EU budget: proposal reduces the share of tariffs retained by Member States from 25 per cent to 10 per cent

To reduce the proportion of tariffs that Member States may retain to cover collection costs from 25 per cent to 10 per cent, thereby increasing the revenue allocated directly to the European budget. This is one of the proposals contained in the new negotiating draft (‘negobox’) from the Irish Presidency of the Council of the EU on the multiannual financial framework for 2028–2034.

Brand connect

I prossimi eventi

Tutti gli eventi

Notizie e approfondimenti sugli avvenimenti politici, economici e finanziari.

World