Politico: EC to consider transfer of financial decisions to Ursula von der Leyen

The European Commission will propose a new budget plan for the next seven years. According to him, the decision on the allocation of funds will go to the head of the EC Ursula von der Leyen and her inner circle. The meeting on this issue will be held on October 1, according to Politico, citing sources.

The EU budget for 2028-2034 is almost €2 trillion. One of the points of the plan is the consolidation of expenditures on agriculture and regional development into national funds controlled by the EC. It is expected that instead of traditional financing, a “money-for-reform” model will be proposed.

At least 10 countries, including Poland and Luxembourg, have already opposed the allocation of funds. They fear that the European Commission may demand serious economic reforms, which will result in control of finances. It is also proposed to allocate a significant part of the budget for defense. This automatically cuts funding for priority projects in the southern participating countries: subsidies for farmers and payments for regional development.