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Austria rejects the EU’s proposed €2 trillion budget
Austrian Chancellor Christian Stöcker said the budget covering the 2028–2034 period, which is planned to reach approximately €2 trillion, was unacceptable at the European Union leaders’ meeting held in Berlin on August 27. Stöcker called for the budget to be reduced by hundreds of billions of euros and for competitiveness, research, security and migration to be prioritized.
Austrian Chancellor Christian Stöcker opposed the European Union’s proposed new seven-year budget for the 2028–2034 period. Stöcker said the proposal, which amounts to approximately €2 trillion, was unacceptable for Austria.
Speaking to journalists at a meeting of the heads of state and government of EU member states held in Berlin on August 27, Stöcker said the proposal represented a 60% increase compared with the previous comparable period.
The Austrian chancellor said that if member states had to reduce spending in their national budgets, the same approach should apply to the European Union budget. Stöcker said he could not explain to the Austrian people why the largest budget in the Union’s history was being debated in Brussels while budget cuts were being made in their own country.
Call for a reduction of hundreds of billions of euros
Stöcker said the European Union budget needed to be significantly reduced and that the cut could amount to hundreds of billions of euros. He called for competitiveness, research, security and migration to be prioritized in funding.
The chancellor also stressed that funding allocated to agriculture and regional development should be protected. Stöcker said that a strong budget did not automatically mean the largest budget, adding that priorities had to be set and efficiency increased.
Stöcker called on European Union countries to act with a common position in negotiations on the new financial plan.
The budget approval process
The European Union’s multiannual financial framework sets the Union’s main spending priorities for a seven-year period. The new budget is planned to be in force from 2028 to 2034.
Finalizing the budget requires the approval of all member states and the European Parliament. European Council President Antonio Costa also said that member states needed to reach agreement on the final text of the new budget by the end of the year.
One of the main points of disagreement in the negotiations is the total level of spending. Germany supports reducing the proposed spending by hundreds of billions of euros, while the Netherlands also believes the current draft has been expanded beyond what is necessary.
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