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EU lawmakers rally behind 2.3 trillion budget boost funded by new digital taxes
International
Published on 28 April 2026
Digital giants and online gambling may pay more soon
The European Parliament has endorsed a 2.3 trillion euro long-term EU budget for 2028 to 2034, backed by plans for new taxes on digital giants and online gambling. The proposal includes about a 10% increase in spending, but faces resistance from member states such as Germany, which wants cuts. EU leaders aim to strike a deal by year end amid geopolitical strain and election concerns.
- Parliament supports a 2.3 trillion euro EU budget for 2028 to 2034
- New taxes are proposed on digital firms and online gambling revenues
- A roughly 10% spending increase is at the center of the fight
- Germany and others push for spending cuts as talks near year end
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times