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EU Parliament Proposes €193.9 Billion Budget Amid Rising Costs

10/24/2025

Summary

Story summary

The European Parliament proposed a €193.9 billion budget for 2026, up €597.8 million from the European Commission's proposal.
MEPs say rising NextGenerationEU repayment costs should not diminish funding for Erasmus+ and EU4Health.
They aim to restore cuts by the European Union (EU) governments and boost allocations for research, competitiveness, and defense.
The Dutch government seized control of the Chinese-owned Nexperia microchip firm to secure critical supplies.

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Story summary

The European Parliament proposed a €193.9 billion budget for 2026, up €597.8 million from the European Commission's proposal.
MEPs say rising NextGenerationEU repayment costs should not diminish funding for Erasmus+ and EU4Health.
They aim to restore cuts by the European Union (EU) governments and boost allocations for research, competitiveness, and defense.
The Dutch government seized control of the Chinese-owned Nexperia microchip firm to secure critical supplies.