EC completes proposal for 2028-2034 EU long-term budget

The European Commission (EC) on Wednesday has adopted a second package of seven sectoral proposals completing the framework for the next long-term EU budget for 2028–2034, according to a statement Report informs.

The proposal for the next long-term EU budget for 2028-2034 amounts to almost €2 trillion in current prices (or 1.26% of the EU's gross national income on average between 2028 and 2034), the EC said.

According to the statement, these legal acts complement the proposal for the Multiannual Financial Framework for 2028-2034 and cover the nuclear safety cooperation and decommissioning instrument, the internal market and customs, justice, research and training, as well as the Ignalina programmes, and the decision on the Overseas Countries and Territories, including Greenland.

The future long-term EU budget will be discussed by member states in the Council, acting by unanimity, with the consent of the European Parliament for the MFF. The rules for the own resources system are laid down periodically in a Council Decision adopted unanimously and approved by every member state in accordance with their national procedures. Sectoral proposals are subject to ordinary legislative procedure or specific adoption procedures, depending on the legal base.