EU unveils first post-Brexit budget

Nigel Farage and Jean-Claude Juncker
Nigel Farage and Jean-Claude Juncker
By Euronews
Share this articleComments
Share this articleClose Button

The EU unveils its first post-Brexit budget .... and remaining member states must make up for Britain's departure.


The European Union has unveiled its first long-term budget for the post-Brexit era......coming in at 1.279 trillion euros for the 2021 to 2027 period.

​The departure of Britain, a net contributor, means other member states will have to pay more.

​To plug the gaps there'll be cuts to agricultural subsidies, but also increased contributions to areas considered to be priorities - such as migration and defence.

​EU Budget Commissioner Gunther Oettinger said: "We are going to tackle these problems by saving and by asking the member states to contribute a little bit more. Both saving and spending more, we believe to be the right way.''

For the first time, the budget links EU funds to upholding the rule of law.

The move will be seen as targeting countries such as Hungary and Poland, although the European Commission President denied this.

​''This mechanism is for general application,'' Jean-Claude Juncker said. ''It is not aimed at particular member states but it is an important aspect of the new budgetary architecture.''

​The proposed budget represents 1.1 per cent of total gross national income, up from 1 per cent.

​The EU Commission wants an agreement before European Parliament elections in May next year.

Share this articleComments

You might also like

Major harnessing of trolls shows threat to Hungarian democracy is real

State of the Union: War fatigue, luggage sizes and anti-SLAPP deal

Smart devices to be better protected from cyber attacks after EU strikes deal