Headlines
EU's von der Leyen says new budget fit for 'new era'
Published by Global Banking & Finance Review®
Posted on July 16, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 16, 2025
1 min readLast updated: January 22, 2026
The EU's new 2028-2034 budget, proposed by Ursula von der Leyen, focuses on migration, research, and climate, requiring approval from all member states.
BRUSSELS (Reuters) -European Commission President Ursula von der Leyen declared on Wednesday that her proposed new 2 trillion euro budget for the European Union from 2028-2034 had been designed for a new era".
She added that the plan proposes a shift in how the EU organises key funds, while linking funding closely to the rule of law and keeping member state contributions steady.
The proposal aims to triple the budget for migration and border management and to double the Horizon research fund, while 35% of the budget would be spent on climate and biodiversity.
An agreement on the new EU budget requires backing from all 27 member countries and sign-off from the European Parliament.
($1 = 0.8645 euros)
(Reporting by Lili Bayer, Geert De Clercq; Writing by Charlotte Van Campenhout; Editing by Andrew Gray)
The proposed budget for the European Union from 2028-2034 is 2 trillion euros.
The proposal aims to triple the budget for migration and border management.
35% of the budget would be spent on climate and biodiversity.
An agreement on the new EU budget requires backing from all 27 member countries and sign-off from the European Parliament.
The plan proposes a shift in how the EU organizes key funds, linking funding closely to the rule of law.
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