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European Commission proposes 2-trln-euro long-term budget
BRUSSELS - The European Commission on Wednesday proposed a two-trillion-euro (2.33 trillion US dollars) budget for 2028-2034 for the European Union (EU). The budget proposal would raise EU spending to an average of 1.26 percent of the bloc's gross national income, up from around 1.1 percent during the current 2021-2027 cycle.
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The European Commission unveiled a record €2 trillion budget—its largest ever—signalling significant changes and reductions ...
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