EU budget committee recommends 10% increase for 2028–2034.

The European Parliament’s Budget Committee has recommended a 10% increase in the EU’s long-term budget for 2028–2034. MEPs argue the funds must support competitiveness, defense, climate action, and social programs, excluding the repayment of Next Generation EU debt from spending limits. They are pushing for transparent, evenly distributed funding to maintain cohesion, with a final vote expected by April 29.