Von der Leyen says modern EU budget must rely on new own-revenue sources
Ursula von der Leyen told the European Parliament that a contemporary EU budget requires fresh own-resource streams as inter-institutional talks on financing the 2028-2034 plan begin.
Ursula von der Leyen addressed the European Parliament in Strasbourg, asserting that any modern EU budget must be underpinned by new own-resource revenues. Her statement arrives as member states and EU institutions commence negotiations on the 2028-2034 multi-annual financial framework, which faces heightened funding demands across cohesion, agriculture, defence and innovation. Von der Leyen called for conditions that enable companies to attract capital and grow, highlighting the need for a banking package that simplifies rules and reduces market fragmentation.
She reiterated support for the Union of Savings and Investments, a scheme intended to direct European savings toward corporate financing. While acknowledging that developing capital markets takes time, she stressed the urgency of a banking system designed for growth rather than just stability.
How this story developed
- Sep 3 EU ministers clash over budget cuts as frugal states demand higher ambition
- Sep 3 Donald Trump said Spain is becoming a ruined nation because of the migrant surge at the Spanish enclave of Ceuta.
- Sep 4 EU leaders will hear Ursula von der Leyen’s State of the Union speech, where climate policy is expected to feature after a scorching summer.
- Sep 6 Von der Leyen will address climate issues in her September 16 State of the Union speech.
- Sep 7 Trump’s latest comments added a new criticism of Spain’s immigration handling since his earlier “ruined country” statement.
- Sep 7 EU officials and Canadian Prime Minister Mark Carney are preparing a new partnership that would deepen cooperation in commerce, security, space research and critical minerals. Ursula von der Leyen is expected to announce the initiative in her upcoming European Parliament speech, with a summit slated for Canada in October. The talks aim to create a tightly linked alliance that can balance the influence of the United States and China. Meanwhile, President Donald Trump has urged the formation of new alliances to counter perceived threats, without directly naming Canada as a US state.
- Sep 11 President Nicușor Dan will attend the European Arctic Summit in Rovaniemi, Finland on September 13-14, 2026, alongside leaders from Germany, Poland, Denmark and EU officials.
- Sep 12 The German chancellor’s meeting brought frugal leaders together and featured Draghi’s call for higher borrowing, adding a new dimension to the budget dispute.
- Sep 13 Prime Minister Mark Carney will travel to Strasbourg to speak to the European Parliament after the commission president’s address.
- Sep 14 The summit is being held in Rovaniemi, Finland.
- Sep 14 Bucharest will host an upcoming Eastern Flank summit.
- Sep 15 Leaders issued a joint declaration urging the EU to adopt a stronger, better‑funded Arctic strategy.
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