EU ambassadors approve of 2025 budget draft

The statement quoted Peter Banai, state secretary at the Hungarian finance ministry, as highlighting the budget’s crucial importance in the implementation of the community’s long-term priorities and objectives. He said Wednesday’s agreement was a good basis for negotiations with the European Parliament and would facilitate the draft’s timely passage. The draft is aimed at ensuring prudent budgeting with sufficient room for manoeuvre in case of unexpected developments, he said.

The 2025 budget is designed to ensure financing for the EU’s traditional policies such as cohesion and agriculture, as well as financing for long-term priorities in the 2021-2027 period, Banai said. Finance ministers of the EU will adopt an official position before September 13, he added.

Wednesday’s agreement provides the Hungarian presidency with guidelines for negotiations with the European Parliament, to be concluded before November 18, Banai said.