Costa Urges EU to Prioritize Competitiveness and Housing in 2028-2034 Budget Talks

October 12, 2026
Costa Urges EU to Prioritize Competitiveness and Housing in 2028-2034 Budget Talks
  • Costa argues the next long-term budget should prioritize competitiveness, industrial transformation, defense, security, and strategic resilience, while continuing to support cohesion and agriculture as regional development pillars.

  • Housing affordability is a priority due to its impact on vulnerable groups, the middle class, and youth, and is linked to trust in democratic institutions.

  • Policies must address accessibility, housing affordability, energy costs, and mobility to ensure a livable Europe where people can plan their futures.

  • Negotiations for the next Multiannual Financial Framework are at a decisive stage, with the Irish presidency proposing 8% cuts to the Commission’s original proposal to 1.62 trillion euros, while preserving cohesion and agriculture.

  • Cohesion and agriculture remain essential for the EU and the single market, and regional and local authorities should be closely involved in designing, implementing, and evaluating new programs under the next MFF.

  • Costa underscores the importance of decarbonization and greater energy independence through renewables and national nuclear energy in response to global supply pressures.

  • Delays in approving the EU’s 2028-2034 budget would adversely affect farmers, businesses, students, researchers, cities, and regions.

  • Cities and regions play a crucial role in territorial and social cohesion, being close to citizens and businesses, and at the frontline of demographic shifts, climate/energy transition, resilience, and strategic autonomy.

  • Costa calls for negotiating with openness and a sense of collective responsibility to have the budget ready to be operational by early 2028.

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