European Parliament rejects EU member states' first draft of long-term budget
The European Parliament has rejected the first draft of the EU's next seven-year budget framework submitted by member states. Lawmakers argued that allocations for defense, climate, and enlargement priorities are inadequate, reopening one of Brussels' most consequential negotiations, Euronews reported.
The European Parliament rejected the first draft of the EU's long-term budget framework for 2028-2034 submitted by member states, Euronews reported. Lawmakers cited insufficient envelopes for defense spending, climate targets, and the enlargement process for Ukraine and the Western Balkans as grounds for the rebuff.
The decision forces negotiations between member states and parliament to restart. Parliamentary spokespersons said the framework cannot be approved without new own-resources instruments, while several capitals on the intergovernmental side resist further contributions. The Council Secretariat announced a tightened schedule of talks.
Approval of the long-term budget will shape the architecture of investment programmes, the Common Agricultural Policy, and the union-scale defense fund for the coming decade. European defense firms and green-bond issuance markets are watching the file closely. Not investment advice.
Read next
Qatar renews mediation push for regional stability after US-Iran deal
Qatar said it is renewing its mediation push on regional stability files, including Lebanon, Gaza, and the Strait of Hormuz, in the wake of the US-Iran deal. Al Jazeera reported that Doha is reinforcing multi-channel diplomacy across the region.
Tehran sells US deal as victory, but for ordinary Iranians it was a necessity
Victoria Premier Jacinta Allan refuses to disclose cost of CFMEU corruption to taxpayers
China's Xi vows support for Myanmar as Min Aung Hlaing seeks to break isolation
India temporarily bans Telegram over exam paper leak concerns
