Hungary's Orban says proposed new budget will 'ruin the EU'
Published by Global Banking & Finance Review®
Posted on July 18, 2025
1 min readLast updated: January 22, 2026
Published by Global Banking & Finance Review®
Posted on July 18, 2025
1 min readLast updated: January 22, 2026
Hungarian PM Viktor Orban criticizes the EU's proposed budget, warning it could ruin the EU due to strategic flaws and controversial allocations.
BUDAPEST (Reuters) -The European Commission's proposed new budget lacks clear strategic foundations and would ruin the European Union, Hungarian Prime Minister Viktor Orban told state radio on Friday.
"This budget would ruin the European Union. This budget I believe will not survive even next year, the Commission will either have to withdraw it or the Commission will have to backtrack step by step," Orban said, criticising plans to allocate money to Ukraine and planned changes to farm subsidies.
(Reporting by Krisztina Than; Editing by Jacqueline Wong)
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the day-to-day operations of the EU.
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