European Commission President Ursula von der Leyen has unveiled a proposal for a long-term EU budget that she says will total $2.3 trillion.

European Commission President Ursula von der Leyen unveiled the EU’s biggest-ever budget, but a chaotic rollout and opposition from key players underlined weaknesses in her leadership.

The European Commission on Wednesday proposed a 2 trillion euro ($2.31 trillion) EU budget for 2028 to 2034, placing a new emphasis on economic competitiveness and defence while aiming to reform the rules around farm and economic development subsidies.

Romanian officials have sharply criticised the European Commission's first draft proposal for the European Union's 2028–2034 multiannual financial framework, expressing concerns over plans to merge structural funds with agricultural subsidies under a performance-based disbursement model.

Germany has rejected the European Commission’s proposal for a significantly expanded €2 trillion ($2.3 trillion) budget, just hours after it was announced by Commission President Ursula von der Leyen in Brussels.

The European Commission on Wednesday proposed a 2 trillion euro ($2.31 trillion) seven-year EU budget, placing a new emphasis on economic competitiveness and defence while aiming to reform the rules around farm and economic development subsidies.

The European Commission says it’s protecting farmers with a smaller but ring-fenced budget. Europe’s farmers say the cuts betray a post-World War II

The European Commission advanced a $2.3 trillion budget proposal that would boost EU defense spending through the next three years.