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Austria objects to EU’s €2 trillion budget proposal
Austrian Chancellor Christian Stocker said the approximately €2 trillion budget proposal covering 2028–2034 was unacceptable at the EU leaders’ meeting in Berlin on August 27. Stocker called for a smaller budget and said competitiveness, research, security and migration should be prioritized.
Austrian Chancellor Christian Stocker called for a reduction in the European Union’s approximately €2 trillion draft budget for 2028–2034. Stocker said the proposal was unacceptable for Austria.
Stocker made the assessment to journalists at a meeting of the heads of state and government of EU member countries held in Berlin on August 27. The chancellor said the current proposal represented a 60% increase compared with the previous comparable period.
Stocker said the same approach should be applied to the European budget as member states were being forced to cut spending in their national budgets. He said he could not explain to the Austrian people why the EU’s largest-ever budget was being debated in Brussels while cuts were being made in his own country.
Priorities must be reset
Stocker called for a reduction that could amount to hundreds of billions of euros. The chancellor said resources should be directed toward competitiveness, research, security and migration.
Stocker also said funding for agriculture and regional development should be protected, adding that a strong budget did not necessarily have to be the largest budget. He said priorities needed to be set and efficiency increased.
The Austrian chancellor called on EU countries to adopt a common position in negotiations on the new financial plan.
Conditions for approving the new budget
The EU’s multiannual financial framework sets out the Union’s main spending priorities over a seven-year period. The new budget is planned to take effect for the 2028–2034 period.
Finalizing the plan requires the approval of all EU member countries as well as the European Parliament. European Council President Antonio Costa said member countries needed to reach agreement on the final text of the new budget by the end of the year.
The main point of disagreement is the total level of spending. Germany supports reducing the proposed spending by hundreds of billions of euros. The Netherlands believes the current draft has been expanded more than necessary.
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