Brussels, July 18, 2025 (Lusa) - 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 for Portugal under the new Multiannual Financial Framework is €33.5 billion (at current prices), including a general allocation of €31.6 billion, €900 million for migration, security and home affairs and €900 million for social and climate funds.
These funds are part of the €865 billion proposed by the EU executive for investment and reforms in the 27 EU member states, under the new 27 national and regional partnership plans (one per country) with disbursements based on objectives achieved.
These plans cover cohesion policy, social policy, the 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, the member states, the regions, local communities and stakeholders, according to the proposal.
This total ‘cake’ (€865 billion) includes €302 billion to support farmers’ incomes and fisheries and €218 billion in funds reserved for the poorest regions.
Each plan is expected to allocate 14% to social objectives and 43% to climate and the environment.
There is also a €150 billion catalyst mechanism in the form of loans to member states.
The creation of such plans has already been criticised by the European Parliament, which rejects greater power for the European Commission in disbursing EU budget funds to each country.
On Wednesday, the European Commission proposed a long-term EU budget of €2 trillion until 2034, 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 on the next Multiannual Financial Framework 2028–2034 was presented in Brussels, with a total envelope of €2 trillion 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. Two existing taxes on carbon-intensive imported products and on the purchase of emissions are added.
Together, these new own resources and other elements of the own resources package are estimated to generate revenue of approximately €58.5 billion per year (at current prices).
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