German Finance Minister Lars Klingbeil has voiced significant concerns regarding the European Commission’s proposals for the next EU financial framework, covering the period from 2028 to 2035. Speaking at the G20 summit in South Africa, Klingbeil emphasized the need for budgetary responsibility, stating that many aspects of the Commission’s suggestions do not align with Germany’s position. He expressed doubts about maintaining a balanced approach to finances.
This sentiment was echoed by government spokesman Stefan Kornelius, who had previously indicated the German government’s reservations. Kornelius stated that a substantial increase in the EU budget would be difficult to reconcile with the significant efforts national governments are undertaking to consolidate their own financial positions. Consequently, he suggested the Commission’s proposal will not be accepted in its current form. The proposed additional taxation of companies also drew criticism, with Germany indicating it would not be supportive.
While rejecting certain elements of the proposal, Kornelius acknowledged the importance of the Commission’s reform efforts and the focus on aligning the budget with emerging priorities. He affirmed that this general direction is crucial for strengthening Europe’s future resilience.
European Commission President Ursula von der Leyen announced on Wednesday the Commission’s ambition to secure an EU budget of two trillion euros for the 2028-2034 period, a substantial increase compared to the current financial framework of 1.2 trillion euros, which covers the period 2021-2027.