skip to main content Updated / Saturday, 10 Oct 2026 11:37 Getty The budget will cover seven years from 2028 to 2034 Tony Connelly By Tony Connelly Europe Editor The Government has proposed a €141 billion cut in the EU seven-year budget compared to the European Commission’s initial proposal.
So, Ireland is at it again! This time, they’re stepping into the spotlight with a bold proposal to cut the next EU budget by a whopping 8%. Yes, you heard that right. The Emerald Isle is suggesting slashing a total of €141 billion from the budget, and they’re doing it to appease the so-called ‘frugals’ of Europe. You know who I’m talking about – the countries that have a tight grip on their wallets and aren’t afraid to use it.
Now, let’s break this down. The proposed cuts will hit global cooperation and competitiveness the hardest. I guess they thought, “Who needs to cooperate globally when we can just sit in our corners with our tea and biscuits?” Meanwhile, agriculture and cohesion funding will only see a slight reduction of 3%. Because, let’s face it, no one wants to mess with the farmers. They have pitchforks, and they aren’t afraid to use them.
But wait, there’s more! Ireland also plans to roll out a €55 billion-a-year package of own resources. This sounds fancy, doesn’t it? It’s like they’re saying, “Here’s a little something to sweeten the deal.” Or maybe it’s just a way to say, “We’ll cut your funding, but we promise to give you a little something back.”
The EU leaders are set to discuss this grand plan on October 15-16. Can you imagine the discussions? Picture a bunch of serious-looking politicians sitting around a table, debating whether to cut funds for global cooperation or simply invest in more coffee for the meeting.
Now, let’s consider why Ireland is making these cuts. It seems they want to keep the frugals happy. You know, those countries that treat their budgets like a family heirloom – they guard it with their lives and don’t let anyone borrow it, even for a day. Ireland is trying to strike a balance between being a good team player in the EU and keeping their own fiscal house in order. It’s like walking a tightrope while juggling flaming torches.
This proposal could lead to some interesting fallout. Will other countries follow suit and propose their own cuts? Will the farmers rise up in revolt? Will the frugals finally crack a smile? Who knows? All I can say is that October 15-16 is going to be a date to watch.
In conclusion, Ireland is taking a bold step, and we’ll see how this plays out in the grand scheme of EU politics. It’s always a wild ride when budgets are on the table, and with €141 billion at stake, you can bet there will be plenty of drama. So grab your popcorn, folks, and stay tuned for what promises to be an entertaining discussion. After all, who doesn’t love a bit of budgetary theatre?
Inspired by: “EU budget: Ireland pitches €141bn cuts to appease the ‘frugals’” (r/World)