EU Council President Costa pushes new EU revenue sources for 2028-2034 budget

European Council President Antonio Costa, after touring 25 capitals, signals the EU will need to ask member states for more money and proposes new own-resources that do not overlap with national taxes to ease agreement on the 2028-2034 budget. The proposal faces uncertain member-state support, as fiscal sovereignty remains contentious. This sets the stage for a high-stakes budget negotiation that could shape EU fiscal integration.