France 24 reported that EU leaders failed to make a breakthrough on the bloc’s next seven-year budget at an Oct. 15-16 summit, leaving its financing plan for 2028-34 unresolved.
An Irish negotiating box sets a proposed ceiling of €1.622 trillion in constant 2025 prices, €141 billion, or 8%, below the European Commission’s proposal, according to the European Parliament Research Service. The Irish presidency has said the proposed total would still be 30% above the current multiannual budget.
Ireland says its negotiating framework would preserve national allocations for cohesion, agriculture and fisheries while making savings elsewhere. Ireland estimates that proposed revenue measures could raise about €55 billion a year, although governments remain divided over them.
France 24 described the divide as a dispute between governments seeking a smaller budget and cohesion advocates opposing reductions. It reported that member-state capitals still appeared deadlocked over how to proceed. The outlet also reported that 10 parliamentary or presidential elections are scheduled in EU member states next year, which could shift the bloc’s political balance.
Costa’s revised framework is due at the Nov. 26-27 summit.
