The European Parliament backs a substantially larger long-term EU budget for 2028-2034, pushing for new own resources and higher spending, including potential taxes on digital giants and online gambling to finance the plan.

The Parliament's Multiannual Financial Framework (MFF) target is about 2.014 trillion euros, excluding debt interests, roughly 10% higher than the Commission’s proposal when debt repayment is not counted.

Parliament aims for roughly 10% more funding than the Commission’s proposal, signaling friction with fiscally cautious member states like Germany.

Germany advocates restraint, warning cuts in agriculture, regional policy, and vocational education could threaten food security and social inclusion, and suggests postponing repayments as an alternative.

Brussels worries over a potential deal in Romania between the Social Democrats and the far-right AUR to topple the government, raising concerns about populist forces.

EU deregulatory push continues with plans to rewrite rules and cut red tape, drawing criticism that weaker standards could undermine environmental and human rights protections, while some say tensions with German conservatives are overstated.

Negotiations between Parliament and member states are ongoing, with an aim to conclude by year-end to avoid delays linked to France’s 2027 elections and risks from a strong extreme-right outcome.

Parliament seeks to complete talks with Council and Commission by year-end, though budget discipline and geopolitical uncertainty make negotiations tough.

Electoral timing in member states, especially France, could affect bargaining dynamics in 2027 and disrupt talks if unfriendly governments come to power.

Context includes long-standing commitments to farmers and regional subsidies and the need to balance funding with budget discipline to keep Europe competitive globally.

The budget fight is a three-way negotiation among Parliament, Council, and Commission, with frugal member states resisting, while some leaders push for boosted investment in farming, regions, defense, and innovation.

Distinct budget lines for agriculture, cohesion, and social policy would be reintroduced, with dedicated funding for health and environmental programs.