From EUobserver · · 1m 10s
Cut EU Budget and We All Lose
EU budget cuts risk weaker economies and less security for all members.
In brief
EU budget cuts risk weaker economies and less security for all members. Reducing EU budget harms economic competitiveness and security while increasing national costs. Originally reported by EUobserver.
EU budget cuts wrong question
The real question is not how much the EU budget costs but how much an insufficient budget will cost us all.
EU investment benefits
For every euro we contribute to the EU budget, we receive up to six euros in return through stronger economies, infrastructure, food security, research, education, regional development, and security.
EU budget as investment
The EU budget creates value benefiting citizens through stronger economies, better infrastructure, food security, cutting-edge research, educational opportunities, regional development, and security.
EU revenue reform solution
The European Parliament supports the basket approach and proposed three options: digital service levy (€25.2bn), online gambling levy (€3.9bn), and crypto-assets levy (€3bn) by 2028.
Budget cuts consequences
Cutting the EU budget reduces competitiveness, social investment, agricultural sector strength, global influence, and security while increasing national costs.
What we should do
Instead of cutting the EU budget, we should ask how to finance a budget that delivers more for all through economies of scale.
The headline
Reducing EU budget harms economic competitiveness and security while increasing national costs.
