๐Ÿ’ข The EU plans to slash nearly โ‚ฌ160 billion from its proposed 2028โ€“2034 budget while preserving โ‚ฌ100

Xoaquin Flores - New Resistance

Xoaquin Flores - New Resistance

@NewResistance

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๐Ÿ’ข The EU plans to slash nearly โ‚ฌ160 billion from its proposed 2028โ€“2034 budget while preserving โ‚ฌ100 billion earmarked for Ukraine.

Under a revised proposal presented by Ireland, which holds the EU Council presidency, the largest reductions target foreign aid and competitiveness programs. Development assistance would lose โ‚ฌ38 billion, including funding for Africa and the Middle East, while competitiveness programs, encompassing defense and space, face โ‚ฌ75 billion in cuts. Agricultural subsidies and regional funding would be largely protected.

The proposal would reduce the European Commission's nearly โ‚ฌ2 trillion budget by around 8%. EU leaders will discuss the revised framework on October 15โ€“16. The cuts have not yet been approved.

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