The European Commission is planning to overhaul the long-term budget post-2027 to enhance its effectiveness and focus on key policy priorities. The current Multiannual Financial Framework (MFF) is €1.2 trillion, primarily allocated to agricultural subsidies and socio-economic policies. However, there is a growing need for resources in security and defense. The proposal includes a redesign for 2028-34, emphasizing strategic investments and new revenue sources. Spain has suggested doubling the EU budget, which has sparked debate about debt and fiscal responsibility. Teljes cikk (Euronews.com)