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EU To Cut A Seven-Year Budget Plan By €25 Billion Due To Disagreements Within The Community

EU To Cut A Seven-Year Budget Plan By €25 Billion Due To Disagreements Within The Community

The head of the European Council proposed to reduce the seven-year budget plan of the EU for 2021-2027 by more than €25 billion-to €1.074 trillion (for all 7 years) due to disagreements between the countries of the community. The corresponding statement was made by the head of the European Council, Charles Michel, on Friday at a press conference in Brussels. This proposal will be considered at the EU summit on July 17-18.

"June 19 (at the last EU summit) community leaders held the first discussion on the budget proposals [of the European Commission, in the amount of about €1.1 trillion for seven years] and demonstrated opposition to certain positions. I have held intensive negotiations, and based on them, I am submitting my proposal for the EU's seven-year budget plan. It will amount to €1.074 billion for 2021-2027," he said.

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