European Parliament Seeks €200 Billion Boost for EU Budget Amidst Tough Negotiations
In a significant move, the European Parliament has outlined its stance on the EU long-term budget, advocating for a 10% increase and the introduction of EU-level taxes as negotiations heat up.
Editorial Staff
1 min read
Updated 12 days ago
The European Parliament has officially adopted its position regarding the EU's long-term budget, proposing a 10% increase, which translates to an additional €200 billion.
This demand is part of the ongoing discussions for the budget cycle spanning from 2028 to 2034, indicating a serious commitment from Members of the European Parliament (MEPs) to secure more funding.
In addition to the budget increase, MEPs are also advocating for the implementation of EU-level taxes, suggesting a broader approach to financial sustainability within the Union.