Irish presidency proposes 8 percent budget cut for EU 2028-2034 MFF

The Irish Presidency of the Council of the EU has unveiled a new negotiating framework for the 2028-2034 Multiannual Financial Framework (MFF), proposing a budget reduction of approximately 8% compared to the original European Commission proposal. The new plan sets total commitments at €1.825 trillion in current prices, down from the Commission’s initial proposal of €1.985 trillion and the €1.948 trillion proposed by the previous Cypriot Presidency in June 2026.

The Irish proposal focuses cuts on three key areas: competitiveness, which faces a reduction of €75 billion (-12.8%), and 'Global Europe' initiatives, which face a reduction of €37 billion (-17.4%). Irish Minister of State for European Affairs Thomas Byrne described the effort as a fiscal trilemma, balancing new priorities in innovation and security against the fiscal constraints of individual member states. The proposal has met with immediate criticism, as it significantly deepens the austerity measures previously suggested by the Cypriot Presidency.

While this framework serves as a basis for ongoing negotiations rather than a final agreement, it highlights the intense debate regarding EU spending priorities. Member states are now expected to continue discussions to reconcile these budget figures with long-term policy goals.