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Ursula von der Leyen Proposes €700 Billion Boost to EU's Long-Term Budget Plan
Ursula von der Leyen has proposed a €700 billion increase to the Budget of the European Union for 2028-2034, aiming to enhance funding for key areas like the Common Agricultural Policy.
- President of the European Commission Ursula von der Leyen announced amendments to the Budget of the European Union, raising the total proposal to nearly 2 trillion Euro for 2028-2034.
- In a written communication to European Parliament President Roberta Metsola, Ursula von der Leyen outlined the potential €700 billion boost aimed at addressing emerging challenges.
- The proposed increase includes significant allocations for the Common Agricultural Policy, reflecting a commitment to support Member state of the European Union agriculture sectors in the coming years.
Why It Matters
This proposal is crucial for shaping the economic landscape of the EU, as it affects funding for agriculture, infrastructure, and social policies, ultimately impacting millions of citizens and the stability of Member states.