The proposed EU long-term budget amounts to 1.26% of the European Union's GNI.

Omissions

• The 1.26% refers specifically to the Commission's proposal for the 2028-2034 MFF relative to the average EU GNI between 2028 and 2034, not to the current or any other EU budget.
• The total envelope of almost €2 trillion is expressed in current prices; in 2025 prices the figure is approximately €1.76 trillion.
• At the time of the session (6 October 2026) the 2028-2034 MFF remained a Commission proposal still subject to negotiation with the Council and Parliament, so the 1.26% figure is a proposed, not an agreed, level.

Sources

• PrimaryEuropean Commission - EU budget 2028-2034On 16 July 2025, the Commission presented its proposal for an ambitious and dynamic Multiannual Financial Framework ("MFF") amounting to almost EUR 2 trillion (or 1.26% of the EU's gross national income on average between 2028 and 2034).
• PrimaryCouncil of the European Union - The EU's long-term budget for 2028-2034The proposed framework amounts to almost €2 trillion (in current prices), equivalent to 1.26% of the EU's average gross national income (GNI) between 2028 and 2034.
• SecondaryEuropean Parliament - Fact Sheets on the European Union: Multiannual financial frameworkThe total amount committed over seven years would be set at a maximum of EUR 1 763 billion (in 2025 prices), equivalent to 1.26% of EU GNI.