Committee on Budgets Ordinary meeting
5 November 2026
Contents updated on 5 Nov 2026
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BUDG European Parliament
Follow its sittings04:52 - 05:00
Speaker 1
Can we start our meeting, please? Hello to everybody.
05:00 - 07:15
Speaker 2
Welcome to this BUDG meeting on the, in which we welcome of course very much Commissioner Serafin to this exchange of views on the intensifying negotiations on the next MFF for 28-34. The European Parliament is fully committed to ensuring an ambitious budget both in size and in design that meets the Union's many challenges in the years ahead. That is why the MFF interim report adopted in April this year by the Parliament pushed for the next MFF to be set at 1.27% of the GNI, the gross national income, and that is excluding the debt repayments under NG, under NextGenerationEU.
In addition, the Parliament's position calls for the timely adoption of new own resources to finance the budget and repay that NextGenerationEU debt, and even proposes additional resources such as a digital levy, an online gambling levy, and a crypto-assets levy. In parallel, the latest negotiation box published by the Irish Presidency on October the 10th proposes an overall cut of 8% of the MFF as proposed by the Commission. This would bring the overall size of the budget to just above 1% of GNI, again excluding NGEU repayments. In addition, the negotiation box makes little progress on new own resources and does not refer to the additional resources that were proposed by the Parliament.
In light of this situation, and in view of making progress in the negotiations, we welcome the role of the Commission, as usually as an honest breaker, broker, breaker is something else, broker. A broker, a bro a broker can become a breaker, and vice versa, but let's let me be clear, an honest broker to bring the Parliament and the Council closer to each other and to ensure the timely adoption of the package.
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