The European Parliament has rejected cuts proposed in the draft EU long-term budget for the period 2028-2034, MEPs Carla Tavares and Siegfried Mureșan told journalists at a press conference on Tuesday.
The Cypriot government, who is currently chairing the budget negotiations among the member states, presented a compromise text last week with cuts of €32.8 billion to the bloc's overall budget.
The cuts represent a compromise between countries that asked substantial cuts and others that asked for an increase of the budget for agriculture and regional funds.
The divisions among co-legislators add further pressure to what's already a difficult process. The EU wants to close a deal within the end of 2026 to avoid prolonging the discussions into 2027, a crucial election year, and the increasing distance between member states and the Parliament's position puts that plan in jeopardy.
According to Parliament, the proposed cuts weaken an already inadequate budget, as the €2 trillion plan put forward by the European Commission in July 2025 had already been deemed insufficient by lawmakers.
