EU proposes raising defense funding in 2-trillion-euro budget
The European Commission President Ursula von Der Leyen speaks with the media at the end of a bilateral meeting in Berlaymont, the EU Commission Center Berlaymont in Brussels, Belgium on 13 July 2025.
Thierry Monasse | Getty Images News | Getty Images
On Wednesday, the executive branch of the European Union issued a bid for the seven -year budget for a 2 trillion euro ($ 2.31 trillion) for the block, starting from 2028 and provided a significant increase in financing allocated for defense.
“This is a budget for today’s facts and the difficulties of tomorrow,” the European Commission President Ursula von said. He said. Authorized, approximately 35% of the budget will go towards climate and biological diversity projects, he said.
Von Der Leyen said that the AT, as a part of the new European competition fund, suggested to allocate 131 billion euros for defense and area, which is a resource aimed at increasing the investment in the region.
While the contributions of the member state remain unchanged, the EU will look at five new revenue flows, including new tasks on unusable e-Atık rates and new tasks on tobacco products and a collective contribution from companies that produce an average of 6.8 billion euros per year.
The multi -year financial framework (MFF) should still be approved by the European Parliament and EU member states and may be subjected to changes in this process.
Dutch Finance Minister Eelco Heinen said in a statement that the budget proposal is “very high” and the EU should focus on how the existing funds can be spent better.
This is a last -minute news story and will be updated soon.
