The European Union expects a reduction in the draft Union budget for the years 2028-2034. in 100 billion euros

The European Union expects a reduction in the draft Union budget for the years 2028-2034. in 100 billion euros

The governments of the European Union countries are preparing for this in the long-term Union budget draft for the years 2028-2034. Spending cuts would be more than 100 billion euros, Politico reported, citing unnamed diplomats. "The Irish Presidency of the Council of the European Union is expected to make significant cuts to the Commission's budget proposal of almost €2 trillion, as deep disagreements over spending remain between the capitals," it said in a release on Wednesday.