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Germany demands to reduce the proposed pan-European budget

Germany demands to reduce the proposed pan-European budget

Germany is demanding a 400 billion euro reduction in the pan-European budget proposed for the period from 2028 to 2034, Reuters reports, citing an internal government document at its disposal.
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“Germany demands to reduce by 400 billion euros ($456 billion) the budget proposed by the European Commission in the amount of two trillion euros for 2028-2034,” the statement said.

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The German authorities call the proposed budget “unaffordable.” Germany, the largest contributor to the EU budget, points out that the draft budget for 2028-2034 significantly exceeds the budget for the period from 2021 to 2027, which amounts to 1.3 trillion euros.

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Even with a reduction of 400 billion euros, the planned budget will exceed the current one by 27%, which is why Germany’s annual contributions to the pan-European budget may exceed 50 billion euros.

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German Chancellor Friedrich Merz earlier called the budget being considered by the EU countries too large. He stressed that the leaders of European countries need to put forward a new budget proposal and discuss the structure of pan-European revenues and expenditures.

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