Irish PM: new taxes needed for EU budget — Politico Europe
Irish Prime Minister Micheál Martin said in Dublin that the European Union needs new taxes to avoid significant cuts in the bloc’s next seven-year budget. He made the statement after a meeting with European Council President António Costa, Politico Europe reports.
Budget negotiations
Martin and Costa discussed budget negotiations and preparations to reach an agreement on the EU’s multiannual financial framework — the bloc’s seven-year budget — by the informal deadline at the end of the year.
According to the Irish prime minister, substantial EU own resources are needed to preserve funding for the Common Agricultural Policy and cohesion policy, as well as to strengthen Europe’s competitiveness. At the same time, Martin noted that reaching an agreement on new levies would be very difficult.
More current news is available on the UA.News Telegram channel Telegram.
New sources of revenue
In 2025, the European Commission proposed five new taxes that are expected to generate €60 billion annually. However, national governments opposed the initiative, unwilling to support new levies that would mainly affect their domestic industries.
Ireland, which holds the rotating presidency of the Council of the EU and leads the budget negotiations, will present a new negotiating document, or negobox, with revised figures in the coming weeks. The next meeting of EU leaders is scheduled for October 15. Costa seeks to agree on several sources of own resources that have significant support among EU countries.
