EU household 2028-2034: Two trillions for a strong Europe!

EU household 2028-2034: Two trillions for a strong Europe!

On July 16, 2025, the European Commission presented its proposal for the multi -year financial framework (MFR) for the period from 2028 to 2034. The proposal provides for an increase in the total budget to two trillion euros, which reflects the increased financial needs. SPÖ-EU delegation manager Andreas Schieder welcomed this approach because he provides for dedicated funds for investments in a social Europe, infrastructure and strengthening regional structures. The structure of the EU budget is also to be reduced from seven to three money pots to optimize the financing of political priorities.

Schieder expressed concerns about the possible dilution of political goals and the risk of fragmentation through 27 national plans. The business and social spokeswoman Evelyn Regner emphasized the planned new income through EU-wide taxes, in particular through taxes on large companies and a new tobacco tax. However, Regner criticized the lack of an independent European social fund, which is considered to be a breach of trust.

political and economic challenges

The EU faces the challenge of adapting its household to changing needs and priorities. Another aspect of the proposal is the merging of the budget for agriculture and regional funding into a "large fund". According to the household commissioner Piotr Serafin, this large fund should enable more flexible funds to Member States that are linked to national plans and rights of the rule of law. While supporters such as Nils Redeker from Jacques Delors Center support this idea, lobbyists and the German Minister of Agriculture Alois Rainer resist, since the common agricultural policy for food supply is of crucial importance.

The budget should also be larger, with additional means for competition, innovation, defense and security. A new “competitive fund” with a three -digit billion dollar is planned to strengthen the EU's competitiveness. The repayments of EUR 800 billion from the Corona Raporbaufonds are expected to begin up to 30 billion euros per year. In order to increase the financial means, there are two options for discussion: higher contributions from the Member States or the introduction of new own sources of income.

Suggestions for these new income include taxes for electronic waste, special levies for large companies and a share of tobacco tax. Serafin made it clear that the EU budget is only as large as Denmark's household, which illustrates the need for a larger budget.

consultations and future prospects

The EU Commission also launched a public consultation for expression on the future budget, which will remain open for the next twelve weeks. A citizens' forum will bring 150 Europeans together to give recommendations for the new household. It is expected that the formal proposal for the next MFR in July 2025 will be presented with the aim of an agreement before implementation in January 2028.

The financing of the new MFR should not only serve to overcome the challenges of pandemic and energy crisis, but also provide support for Ukraine. The EU budget is crucial for the support of citizens, farmers, researchers and companies throughout the Union, and its functioning is subjected to another review process in order to make it future-proof. These developments show how important the EU budget is to strengthen the economic and geopolitical position of Europe.

Overall, the European Commission's proposal shows how much the necessities have changed and how much the household must be adjusted. The discussions about his design will be crucial to ensure sustainable and fair financing for all Member States.

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