European Commission Proposes Ambitious €2 Trillion Budget for 2028-2034 with Focus on Competitiveness and Defence

Summary – The European Commission unveiled a €2 trillion EU budget proposal for 2028-2034 emphasizing economic competitiveness, defence, and reforms in farming and regional development.,

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The European Commission has proposed a substantial budget of €2 trillion for the period 2028-2034. This ambitious plan focuses on bolstering the European Union’s economic competitiveness and enhancing its defence capabilities.

Key priorities within the proposal include:

• Competitiveness: Investments aimed at fostering innovation, technology, and industry to boost the EU’s global standing.
• Defence: Increased funding to strengthen defence frameworks and ensure security across member states.
• Farming reforms: Overhauling agricultural policies to promote sustainability and efficiency.
• Regional development: Supporting less developed regions to achieve balanced growth throughout the Union.

This proposal reflects the Commission’s commitment to addressing contemporary challenges while preparing the EU for future economic and geopolitical shifts.

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