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Budget: Spanish proposal brings little movement

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Published: November 27th, 2023,
Last updated: May 28th, 2025

Pedro Sanchez
Spain’s Prime Minister Pedro Sanchez.

The Spanish Council Presidency has presented initial proposals on how the increased financial requirements can also be covered by restructuring the EU Multiannual Financial Framework (MFF). The proposal contains three options: According to it, funds from other programs amounting to €8.1 billion, €13.1 billion, or €23.1 billion could be reallocated in order to raise additional funds for Ukraine, migration management, or the STEP funding program. The paper from Madrid was presented to the EU ambassadors of the member states on Thursday and is available to „Contexte“.

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