Brussels proposes 7.4 billion euros for CAP and 143 million euros for fisheries for Portugal until 2034

The European Commission proposes that Portugal receives 7.4 billion euros for the Common Agricultural Policy (CAP) and 142.5 million euros for fisheries, within the framework of the long-term community budget between 2028 and 2034.
According to a proposal accessed by the Lusa agency regarding the distribution of minimum allocations in these policies, under the next Multiannual Financial Framework (MFF), the community executive suggests allocating 7.4 billion euros to Portugal for the CAP and 143 million euros for fisheries, totaling 300 billion euros and two billion euros for the European Union (EU), respectively.
Last July, the European Commission proposed a new long-term EU budget for 2028-2034 of two trillion euros, above the 1.2 trillion of the current framework, which includes more national contributions and three new taxes.
The community executive proposed that Portugal receives, in the new budget, 33.5 billion euros, including for cohesion and agriculture, under the national and regional partnership plan within the new EU budget until 2034. The funds for cohesion are still unknown.
This amount fits within the 865 billion euros proposed by the community executive for investments and reforms in the 27 EU member states, under the new 27 national and regional partnership plans with disbursements based on achieved objectives.
In statements to the Lusa agency, the Minister of Finance, Joaquim Miranda Sarmento, highlighted that “the negotiation is still very much at the beginning.”
“The European Commission’s proposal has several issues that we oppose, such as, for example, in the part of own resources, the increases in some taxes, namely on tobacco,” and, in addition, “we still have reservations regarding the national plans,” he stated.
Even so, “we will wait and try to ensure the best outcome for the country,” the official noted, emphasizing that “it is essential for cohesion and agriculture to maintain the importance they have today in terms of European funds.”
This position has been expressed by the Government to Brussels, highlighting the importance of the CAP and cohesion and suggesting solutions for common debt.
The current long-term EU budget (2021-2027) is 1.21 trillion euros (at current prices, which includes about 800 billion euros from the Recovery and Resilience Mechanism, which finances the PRR), involving national contributions of 1.1%.
At that time, this involved about one billion euros for the whole of the EU for the period 2021-2027 and nearly 33 billion euros for Portugal.
According to data released in Brussels, the total allocation of the proposed new Multiannual Financial Framework for Portugal is 33.5 billion euros (at current prices), which includes a general allocation of 31.6 billion euros, 900 million euros for migration, security, and internal affairs, and another 900 million euros for social and climate funds.
These plans cover cohesion policy, social policy, the common agricultural policy, maritime and fisheries policy, migration, border management, and internal security and will be designed and executed in close partnership between the European Commission, member states, regions, local communities, and stakeholders, according to the proposal.
In total for the EU, there is a total envelope of two trillion euros in authorizations (at current prices), based on national contributions (based on gross national income) of 1.26%.
In addition to these national contributions, the new revenues (own resources) include a special tax on tobacco consumption, a corporate resource for Europe, and taxes on electronic waste and e-commerce. There are also two existing ones related to imported carbon products and the purchase of emissions.