Irish EU Presidency Suggests Reduced Long-Term Budget

The Irish EU presidency has put forward a proposal to decrease the European Union's 2028-2034 budget to €1.6 trillion, an 8% reduction from the European Commission's initial €2 trillion plan. This move initiates complex negotiations among the 27 member states, who are divided between calls for fiscal restraint and demands for increased investment in new priorities. The budget is vital for funding agriculture, regional development, research, and infrastructure across the bloc.