On Wednesday 28 January, MEPs on the European Parliament’s Committee on Budgets (BUDG) held a public hearing on the future of the European Union’s own resources under the next Multiannual Financial Framework (MFF) 2028-2034. The discussions demonstrated the difficulty of striking a balance between the need to secure new revenue quickly and the need to be cautious about instruments that are perceived as economically or politically risky.
The aim is both to ensure repayment of the debt...