Ireland proposes €141bn in cuts to next EU budget
Ireland, currently holding the EU presidency, has proposed a €141 billion cut to the 2028-2034 EU budget to bridge gaps between member states. While the proposal aims to reach a consensus by Christmas, it remains smaller than the cuts demanded by several fiscally conservative nations.
Why it matters
Budget negotiations are critical for the EU's long-term financial stability and reflect the ongoing tension between member states regarding fiscal discipline and collective investment.
IRELAND HAS PROPOSED €141 billion in cuts to the EU’s next long-term budget, falling short of demands from some member states.
It comes as Ireland holds the EU’s rotating presidency, which will last until 31 December.
Ireland has suggested cutting the bloc’s next proposed budget by €140 billion in an effort to overcome divisions and secure an agreement by the end of the year.
Speaking on the publication of the proposal, Taoiseach Micheál Martin said the EU budget has “been the focus of significant engagements since we assumed our Presidency and has allowed us to hear and understand deeply the priorities and concerns of all Member States”.
“I am confident that the proposal we put forward today is one which will act as a catalyst to move negotiations forward, and ensure that we have a timely agreement,” he added.
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