The European Commission proposes that Portugal have 33.5 billion euros by 2034

The European Commission proposes that Portugal receive €33.5 billion, including for cohesion and agriculture, under the national and regional partnership plan under the new European Union (EU) budget until 2034.

According to data released in Brussels, the total allocation of the new Multiannual Financial Framework proposed for Portugal is €33.5 billion (at current prices), which includes a general allocation of €31.6 billion, €900 million for migration, security and home affairs, and a further €900 million for social and climate funds.

These funds are part of the €865 billion proposed by the EU executive for investments and reforms in the 27 EU Member States, within the scope of the 27 new national and regional partnership plans (one per country) with disbursements based on objectives achieved.

These plans cover cohesion policy, social policy, common agricultural policy, maritime and fisheries policy, migration, border management and internal security.

They will be designed and implemented in close partnership between the European Commission, Member States, regions, local communities and stakeholders, according to the proposal.

This total 'pie' (of 865 billion euros) includes 302 billion euros to support farmers' income and fisheries and 218 billion euros of funds reserved for the poorest regions.

Each plan is expected to allocate 14% to social objectives and 43% to climate and environment.

There is also a catalytic mechanism of 150 billion euros in loans to Member States.

The creation of such plans has already been criticized by the European Parliament, which rejects greater power for the European Commission in disbursing EU budget funds to each country.

The European Commission on Wednesday proposed a long-term EU budget until 2034 of two trillion euros, up from 1.2 trillion in the current framework, which includes more national contributions and three new taxes.

After several hours of negotiations between European commissioners, the first package of proposals for the next MFF 2028-2034 was presented in Brussels, with a total envelope of two trillion euros in commitments (at current prices), based on national contributions (based on gross national income) of 1.26%.

In addition to these national contributions, the new revenues (own resources) include a special tax on tobacco consumption, a business resource for Europe, and taxes on electronic waste and e-commerce. These taxes are in addition to two existing taxes on imported carbon-containing products and the purchase of emissions.

It is estimated that, together, these new own resources and other elements of the own resources package will generate revenues of approximately €58.5 billion per year (at current prices).

The European Commission proposes that Portugal receive €33.5 billion, including for cohesion and agriculture, under the national and regional partnership plan under the new European Union (EU) budget until 2034.

According to data released in Brussels, the total allocation of the new Multiannual Financial Framework proposed for Portugal is €33.5 billion (at current prices), which includes a general allocation of €31.6 billion, €900 million for migration, security and home affairs, and a further €900 million for social and climate funds.

These funds are part of the €865 billion proposed by the EU executive for investments and reforms in the 27 EU Member States, within the scope of the 27 new national and regional partnership plans (one per country) with disbursements based on objectives achieved.

These plans cover cohesion policy, social policy, common agricultural policy, maritime and fisheries policy, migration, border management and internal security.

They will be designed and implemented in close partnership between the European Commission, Member States, regions, local communities and stakeholders, according to the proposal.

This total 'pie' (of 865 billion euros) includes 302 billion euros to support farmers' income and fisheries and 218 billion euros of funds reserved for the poorest regions.

Each plan is expected to allocate 14% to social objectives and 43% to climate and environment.

There is also a catalytic mechanism of 150 billion euros in loans to Member States.

The creation of such plans has already been criticized by the European Parliament, which rejects greater power for the European Commission in disbursing EU budget funds to each country.

The European Commission on Wednesday proposed a long-term EU budget until 2034 of two trillion euros, up from 1.2 trillion in the current framework, which includes more national contributions and three new taxes.

After several hours of negotiations between European commissioners, the first package of proposals for the next MFF 2028-2034 was presented in Brussels, with a total envelope of two trillion euros in commitments (at current prices), based on national contributions (based on gross national income) of 1.26%.

In addition to these national contributions, the new revenues (own resources) include a special tax on tobacco consumption, a business resource for Europe, and taxes on electronic waste and e-commerce. These taxes are in addition to two existing taxes on imported carbon-containing products and the purchase of emissions.

It is estimated that, together, these new own resources and other elements of the own resources package will generate revenues of approximately €58.5 billion per year (at current prices).

The European Commission proposes that Portugal receive €33.5 billion, including for cohesion and agriculture, under the national and regional partnership plan under the new European Union (EU) budget until 2034.

According to data released in Brussels, the total allocation of the new Multiannual Financial Framework proposed for Portugal is €33.5 billion (at current prices), which includes a general allocation of €31.6 billion, €900 million for migration, security and home affairs, and a further €900 million for social and climate funds.

These funds are part of the €865 billion proposed by the EU executive for investments and reforms in the 27 EU Member States, within the scope of the 27 new national and regional partnership plans (one per country) with disbursements based on objectives achieved.

These plans cover cohesion policy, social policy, common agricultural policy, maritime and fisheries policy, migration, border management and internal security.

They will be designed and implemented in close partnership between the European Commission, Member States, regions, local communities and stakeholders, according to the proposal.

This total 'pie' (of 865 billion euros) includes 302 billion euros to support farmers' income and fisheries and 218 billion euros of funds reserved for the poorest regions.

Each plan is expected to allocate 14% to social objectives and 43% to climate and environment.

There is also a catalytic mechanism of 150 billion euros in loans to Member States.

The creation of such plans has already been criticized by the European Parliament, which rejects greater power for the European Commission in disbursing EU budget funds to each country.

The European Commission on Wednesday proposed a long-term EU budget until 2034 of two trillion euros, up from 1.2 trillion in the current framework, which includes more national contributions and three new taxes.

After several hours of negotiations between European commissioners, the first package of proposals for the next MFF 2028-2034 was presented in Brussels, with a total envelope of two trillion euros in commitments (at current prices), based on national contributions (based on gross national income) of 1.26%.

In addition to these national contributions, the new revenues (own resources) include a special tax on tobacco consumption, a business resource for Europe, and taxes on electronic waste and e-commerce. These taxes are in addition to two existing taxes on imported carbon-containing products and the purchase of emissions.

It is estimated that, together, these new own resources and other elements of the own resources package will generate revenues of approximately €58.5 billion per year (at current prices).