# Ireland proposes €141bn cut to EU long-term budget 10 October 2026 at 17:37 > The Irish presidency suggests an 8% reduction to the 2028-2034 EU budget, setting a €1.622 trillion limit ahead of November negotiations. **Ireland**, currently holding the **European Council** presidency, has proposed a 141 billion euro reduction to the EU budget for 2028-2034. This 8% cut sets the total at 1.622 trillion euros, significantly lower than the **European Commission**'s 1.763 trillion plan. The proposal impacts funding for competitiveness, security, agriculture, and borders. Leaders from **Germany**, the Netherlands, Austria, Sweden, Denmark, and Finland requested these restraints in a September letter, while **Spain** and Italy seek more ambition. Negotiations will intensify during an extraordinary European Council meeting in November 2026. A final decision is expected at the scheduled summit on 17 and 18 December, as member states remain divided over the future of foreign policy and cohesion funds. #EUBudget #EuropeanCouncil #Ireland #EUFinance #EuropeanUnion ## Related news ## [EU nations challenge Spain over migration policy]() 16 October 2026 at 19:00