The European Union's proposed budget of 2 trillion euros focuses on addressing crises, including the war in Ukraine and climate change, along with funding essential infrastructure such as railways and energy grids. Defense and space spending will significantly increase, and investments in migration and border management will also see substantial growth. This package is perceived as a reflection of Europe's strategic ambitions on the global stage. The proposal is met with skepticism from some EU lawmakers, who question its financial viability and claim it does not escape the status quo despite von der Leyen's assurances.
European Commission President Ursula von der Leyen proposed a new budget totaling 2 trillion euros aimed at addressing crises like Russia's war on Ukraine and climate change, as well as funding railways and energy grids.
Under the proposal, spending on defense and space would increase five-fold, while investment in migration and border management would triple, reflecting Europe's heightened strategic ambitions.
The spending package is viewed as a declaration of Europe’s ambitions, initiating two years of negotiations among member states and the European Parliament.
While the budget is described as the most ambitious ever proposed, there are early signs of discontent among policymakers regarding the adequacy of funding.
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