Germany has rejected the European Union’s 2 trillion euro budget project proposed by the European Commission. The statement was made a few hours after the presentation of the plan by the head of the European Commission, Ursula von der Leyen, in Brussels. About this informs Bloomberg.
“A comprehensive increase in the EU budget is unacceptable at a time when all member states are making efforts to improve their national finances”, – said the official representative of the German government.
Berlin has clearly indicated that it is not ready to support the financial framework proposed by the European Commission. This position of the EU’s largest economy indicates the potentially difficult negotiations that lie ahead. The European Commission has to convince all member states of the need for a new seven-year budget.
The draft financial plan for 2028-2034 was presented on July 16 after long night discussions that resumed the next morning. The total budget is 1.98 trillion euros, a significant increase compared to the current seven-year budget of 1.2 trillion euros. This volume reflects the expansion of the EU’s ambitions against the background of external challenges.
The new plan envisages the creation of a fund of competitiveness, prosperity and security in the amount of 590 billion euros. Of them, 451 billion should go to support European business. A separate point in the document is the financing of Ukraine in the amount of 100 billion euros — for reconstruction, strengthening of stability and integration into the EU.
This line of funding was previously discussed at the level of the European Commission, and is now officially included in the seven-year plan. It is likely to be the subject of separate debates among member states. Aid to Ukraine is seen as a strategic investment that is in line with the EU’s broader policy of strengthening the region’s defense capabilities and stability.
