00:00The European Parliament has rejected cuts proposed in the draft of the EU long-term budget for the period 2028
00:07and 2034.
00:08The Cypriot government presented a compromise tax last week with the cuts of almost 33 billion euros to the bloc's
00:15budget.
00:16According to Parliament, the proposed cuts weaken an already inadequate budget.
00:21The Cypriot Council presidency proposes to cut one-third of the allocation to agriculture and one-quarter of the allocation
00:30to cohesion.
00:31We as a Parliament strongly reject these cuts.
00:36We strongly reject the fact that the Council proposes a very, very low level, even below the already too low
00:44level proposed by the Commission to Agriculture and Cohesion.
00:47In its proposal, the European Parliament requested a 10% increase in the budget.
00:53The negotiations began in July 2025 when the European Commission published its 2 trillion euro budget proposal.
01:00The Commission has outlined three main spending priorities.
01:04The Competitiveness Fund, Global Europe and Horizon Funds.
01:08EU leaders will discuss the long-term budget in Brussels this week.
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