German financial contribution to EU budget to increase by 42%

German taxpayers face another challenge – and not just the consequences of the coronavirus. Another blow to the country will be Germany’s contribution to the EU budget – according to the plans of the European Commission, it should increase by as much as 42 percent in the coming years.

German financial contribution to EU budget to increase by 42%

The German government has calculated this on the basis of the current EC proposal for the forthcoming EU long-term budget. The so-called multi-year financial programme (MFF) covers seven years, namely the period from 2021 to 2027.

If the EC proposal remains in force, Germany will have to pay an average of 13 billion euros more starting from 2021, according to estimates by the country’s Ministry of Finance.

Until recently, the German government has transferred an average of 31 billion euros to Brussels annually. With an increase of 13 billion euros in the future, this will amount to 44 billion euros, an increase of about 42 per cent.

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