German Finance Minister Lars Klingbeil has voiced strong concerns regarding the European Commission’s proposals for the EU’s future financial framework, covering the period from 2028 to 2035. Speaking at the G20 summit in South Africa, the Vice-Chancellor stated that numerous elements within the Commission’s suggestions do not align with Germany’s position. He emphasized the necessity of maintaining proportionality in financial matters, a principle he believes is currently at risk.
Government spokesman Stefan Kornelius had previously articulated similar reservations on behalf of the German government. Kornelius stated that a substantial increase in the EU budget is untenable given the significant efforts national member states are undertaking to consolidate their own financial resources. As a result, the government indicated it cannot accept the Commission’s proposal in its current form. Objections were also raised regarding the proposed additional taxation of businesses.
While acknowledging the importance of the Commission’s reform initiatives and the focus on aligning the budget with emerging priorities – a course deemed essential for strengthening Europe’s future resilience – Kornelius underscored the need for careful consideration of the financial implications.
European Commission President Ursula von der Leyen had announced on Wednesday her ambition to secure a two trillion euro EU budget for the 2028-2034 period, representing a significant increase from the current financial framework of 1.2 trillion euros for the 2021-2027 period.
