In the coming months, European governments will intensify their efforts to establish how the EU’s long-term budget for the period 2028-2034 should be financed, with new revenues, called “own resources”, at the centre of the debate.
The discussion on own resources is not new. During the last long-term budget negotiations, the 27 member states failed to agree on any resources at all, and the budget was eventually financed by a national contribution, each country contributing 1.13 percent of its gross national income.
But given the bloc has grand ambitions to make large new investments in strategic sectors such as AI and defence while maintaining…
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