The EU budget was agreed at 1.13% of GNI in 2020 and the Commission has proposed raising it to 1.26% of GNI.

Omissions

• The 1.26% figure (Commission proposal for the 2028-2034 MFF) is confirmed exactly, but the stated 2020 baseline of 1.13% of GNI is not directly corroborated: the 2021-2027 MFF agreed in July 2020 is generally cited at about 1.07% of EU GNI (€1,074.3 billion in 2018 prices), and Bruegel describes the current level as 'roughly 1.1%'. The claimed 1.13% is marginally higher and may conflate the 2014-2020 MFF, which some sources put at ~1.12%.
• The claim omits that the 2020 agreement also created NextGenerationEU (up to €750 billion in borrowing), so the total 2020 package well exceeded the MFF-only ratio; comparing only MFF ceilings is a narrower metric.
• The 1.26% applies to the proposed 2028-2034 MFF and is measured against average EU GNI for 2028-2034 (a forward projection), not against current GNI.

Sources

• PrimaryEuropean Commission — 'EU budget 2028-2034 for a stronger Europe'Almost €2 trillion, or 1.26% of the average EU's gross national income between 2028 and 2034, will support Europe's ambition to be independent, ...
• SecondaryBruegel — 'EU budget proposal: right priorities, too little ambition'proposed a modest increase in the EU budget for 2028-2034, from roughly 1.1% of gross national income (GNI) currently to 1.26%.
• SecondaryEuropean Sources Online — 'Negotiations relating to the EU's Multiannual Financial Framework (MFF) 2021-2027'The deal includes the Next Generation EU - €390bn in grants and €360bn in loans - which is attached to a revamped MFF for 2021-2027 amounting to €1.074 trillion ... (equivalent to about 1.07% of EU GNI).