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Austria objects to the EU’s €2 trillion budget proposal
Austrian Chancellor Christian Stocker said the European Union’s proposed budget of around €2 trillion for 2028–2034 was unacceptable at a meeting of EU leaders in Berlin on August 27. Stocker called for cuts worth hundreds of billions of euros and for priority to be given to competitiveness, research, security and migration.
The European Union’s new financial framework planned for 2028–2034 has faced opposition from Austria over the budget. Austrian Chancellor Christian Stocker said the proposal, which amounts to around €2 trillion, was unacceptable for his country.
Speaking to journalists at a meeting of the heads of state and government of EU member countries in Berlin on August 27, Stocker said the draft envisaged a 60 percent increase compared with the previous comparable period.
The Austrian chancellor said the same principle should apply to the European Union budget if member states have to cut spending in their national budgets. He said he could not explain to the Austrian public why the largest budget in the Union’s history was being discussed in Brussels while cuts were being made in their own country.
Security and competitiveness should be priorities
Stocker called for the overall budget to be reduced by hundreds of billions of euros. He said a more limited financial framework should prioritise competitiveness, research, security and migration.
The chancellor also called for funding allocated to agriculture and regional development to be protected. Stocker said a strong budget did not necessarily have to be the largest budget, and stressed the need to clarify priorities and improve efficiency.
Calling on EU countries to adopt a common position in negotiations over the new financial plan, Stocker maintained his opposition to the budget proposal on this basis.
All members must approve the framework
The European Union’s multiannual financial framework sets out the Union’s main spending for a seven-year period. The new budget is planned to be in force from 2028 to 2034.
Finalising the framework requires the approval of all EU member states as well as the European Parliament. European Council President Antonio Costa said member states needed to reach agreement on the final text of the new budget by the end of the year.
One of the main disputes in the negotiations has been the overall level of spending. Germany supports reducing the proposed spending by hundreds of billions of euros, while the Netherlands also considers the current draft to be unnecessarily inflated.
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