MEPs Just Asked for a €197 Billion Raise (And They Have Receipts)
In a move that would make even the boldest salary negotiator blush, Members of the European Parliament voted Wednesday to bump up the EU’s 2028-2034 budget by a cool 10%. That’s an extra €197 billion, for those keeping score at home.
The Budgets Committee approved the proposal with 26 votes in favor, essentially telling the European Commission: “Nice try with your July proposal, but we’re going to need more money than that.” Much more.
MEPs argue they’re not being greedy—they’re being realistic. Between a full-scale war in Europe, climate chaos, and an economy that’s apparently less competitive than they’d like, they say 1.27% of EU GNI is the bare minimum to keep the lights on and the programs running.
Show Me the Money (Breakdown)
So where’s all this extra cash going? Pretty much everywhere. Farmers are getting an additional €139 billion for the Common Agricultural Policy, because apparently you can’t run Europe on vibes alone. The European Social Fund is getting a €124 billion boost, while students celebrating Erasmus+ will see an extra €6.5 billion for their exchange adventures.
Even the civil protection mechanism is getting a bump—€1.74 billion more, which seems reasonable when you consider the continent’s recent track record with emergencies.
No Budget Buffet, Please
MEPs are drawing a hard line against what they’re calling an “à la carte EU”—essentially rejecting the Commission’s “one plan per member state” approach. Think of it as refusing to let everyone order off different menus at a group dinner. It gets messy, someone always overspends, and nobody’s happy with the bill.
They’re also demanding transparency, because apparently there are concerns about “financing not linked to costs,” which is budget-speak for “we’d like to know where the money’s actually going, thanks.”
How to Pay for All This
Here’s where it gets spicy: MEPs want new revenue sources generating around €60 billion annually. They’re floating ideas like taxing crypto gains, extending carbon border fees, and slapping levies on online gambling. Basically, if you’re making money on the internet or polluting the planet, they’d like a word—and a cut.
The proposal now heads to a full parliamentary vote on April 29. Then the real fun begins: negotiations with EU member states, who will likely have some thoughts about that 10% increase.
As co-rapporteur Carla Tavares put it: “Ambition without resources is empty.” And apparently, so is trying to run a continent on a discount budget.









