European Commission to present a €1.7 trillion budget for 2028-2034 to redirect funds towards defense and innovation

The proposed EU budget for 2028-2034 foresees a significant increase compared to the previous budget, reaching €1.7 trillion. The commission wants to regroup existing programs and allocate funds to new priorities such as defense. This will generate opposition from farmers and regional authorities, who fear subsidy cuts. It also plans to keep part of the budget uncommitted to meet emerging needs. Passing the budget looks set to be a challenge, given the reservations of some member states.