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Story summary
- Cypriot presidency unveiled a 2% cut to the 2028-2034 EU budget, presented by Deputy Minister Marilena Raouna in Brussels, trimming defence and competitiveness spending while raising funds for farmers and cohesion.
- Dutch Finance Minister Eelco Heinen called the proposal a ‘no-go box,’ saying it favours past priorities over future challenges.
- European Parliament co-rapporteur Siegfried Muresan and EU officials urged a 10% increase, warning the cut will be revised before December.
