Germany Rejects €2 Trillion EU Budget Proposal for 2028–2034
Germany Rejects €2 Trillion EU Budget Proposal for 2028–2034

Germany Rejects €2 Trillion EU Budget Proposal for 2028–2034

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Germany has firmly rejected the European Commission's proposed €2 trillion budget for 2028–2034, criticizing the substantial increase during a period when member states are focused on consolidating their national budgets. Chancellor Friedrich Merz and government spokespeople described the plan as unacceptable and disproportionate, particularly opposing new taxes on corporations and tobacco products introduced to help repay COVID-era debts. The commission’s plan, unveiled by Ursula von der Leyen, aims to boost defense, competitiveness, and innovation, including a €590 billion fund to support European firms against U.S. and Chinese competition and allocating €100 billion for Ukraine's reconstruction and EU accession. Despite Germany's call for more efficient spending rather than an overall budget increase, the proposal requires unanimous approval from all EU member states and the European Parliament by 2027, setting the stage for a potentially contentious negotiation. Other EU countries, including France and Italy, may also resist cuts to agricultural subsidies, which are being reduced from €387 billion to approximately €300 billion under the new plan. The disagreement highlights deep divisions within the EU over fiscal priorities amid ongoing economic and geopolitical challenges.

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