Euronews reports: “Ursula von der Leyen has unveiled her much-anticipated proposal for the new budget of the European Union, worth €2 trillion between 2028 and 2034, a sizable increase compared to the €1.21 trillion approved by leaders in the summer of 2020.”
€865 billion for agricultural, fisheries, cohesion and social policy.
€410 billion for competitiveness, including research and innovation.
€200 billion for external action, including €100 billion for Ukraine.
Euronews continues: “While direct contributions from member states will cover the majority of the budget, von der Leyen also envisions new EU-wide taxes on electric waste, tobacco and revenues of big corporations to allow Brussels to raise additional revenue on its own.”
As such, new taxes will hit Europe.
The EU Budget has grown enormously. The Budget contains so many posts that it is impossible to follow it.
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