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Flexibility is not only reshuffling existing meagre funds — it's having the courage to mobilise real additional money, like taxing super-rich individuals or an EU Financial Transaction Tax (Photo: snorski)

2024 EU budget: 'How are we supposed to do more with less?'

With the social-economic consequences of the Covid-19 pandemic and the Russian invasion of Ukraine, the 2021-27 Multi-annual Financial Framework (MFF), the motorhouse behind the actions of the European Union, finds itself in a perfect storm.

If we imagine the negotiations of every annual EU budget like a plane in distress in a perfect storm, the EU budget for next year is no exception. Where will we end up in 2024?

The European Commission says circumstances are difficult, but eve...

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Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Victor Negrescu is a Socialists & Democrats (S&D) MEP from Romania and group negotiator on the EU budget 2024. Eider Gardiazabal Rubial is a S&D MEP from Spain and coordinator of the S&D in the European Parliament committee on budgets.

Flexibility is not only reshuffling existing meagre funds — it's having the courage to mobilise real additional money, like taxing super-rich individuals or an EU Financial Transaction Tax (Photo: snorski)

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Author Bio

Victor Negrescu is a Socialists & Democrats (S&D) MEP from Romania and group negotiator on the EU budget 2024. Eider Gardiazabal Rubial is a S&D MEP from Spain and coordinator of the S&D in the European Parliament committee on budgets.

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