EU to present new long-term budget compromise proposal in 10 days

“We expect to be able to present the new negotiating box on 21 November,” a senior EU source said at a press briefing in Brussels.

The “box” - EU shorthand for the new budget proposal - will be presented just a week before the extraordinary EU summit in Brussels on 26-27 November, which will seek to move the process forward. EU Council President António Costa is currently drawing up the compromise proposal.

The next long-term budget will cover the years 2028-2034. So far, EU member states have differed widely over the budget’s size and content.