politics
March 21, 2026
Hungary's Orban says won't approve new EU budget until funds released from previous one
The Hungarian prime minister also warned that he would not support the European Commission's proposed EU budget for 2028-2034, as it includes excessively large allocations for aid to Ukraine
TL;DR
- Hungary will approve the draft EU budget for 2028-2034 only if its own withheld funds are released by Brussels.
- Prime Minister Viktor Orban insists that the previous EU budget must be closed and all outstanding funds allocated before a new budget can be adopted.
- Orban claims Brussels is withholding approximately €20 billion owed to Hungary for political concessions.
- Hungary opposes the proposed 2028-2034 EU budget due to excessive allocations for aid to Ukraine, estimated at €360 billion.
- Orban warns that substantial aid to Ukraine will lead to significant financial and economic losses for all EU countries.
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