Germany rejects EU proposal for 2 trillion budget
Briefly

Germany has outright rejected the European Commission's €2 trillion budget proposal, which was recently announced in Brussels. The German government emphasized that increasing the EU budget is unacceptable while member states are focusing on consolidating their own national budgets. This rejection signals future challenges for the European Commission as it seeks consensus for the upcoming seven-year budget, beginning in 2028. The draft budget proposal includes funding for competitiveness and support for Ukraine, alongside cuts to agricultural funding compared to the previous budget cycle.
Germany has rejected the European Commission's €2 trillion budget proposal, stating an increase is unacceptable given current efforts to consolidate national budgets.
The proposed budget marks a substantial increase from the previous €1.2 trillion budget cycle and includes significant funding for competitiveness and support for Ukraine.
Read at Fortune Europe
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