The framework amounts to 1.26% of the EU’s average gross national income and will run for a seven-year period starting from 2028. “This is a budget for the realities of today, as well as the challenges of tomorrow,” European Commission President Ursula von der Leyen said during a press conference. The proposal must still be approved by the European Parliament and EU member states and could undergo changes in that process. President of the European Commission Ursula von der Leyen talking to media at the end of a bilateral meeting in the Berlaymont, the EU Commission headquarter on July 13, 2025 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images
The European Union’s executive arm on Wednesday put forward a proposal for a 2 trillion euro ($2.31 trillion) budget for the bloc, with