Cyprus, currently holding the EU presidency, has proposed a reduction of 95 billion euros to the bloc’s next seven-year budget. The proposal was presented ahead of a summit where Hungarian Prime Minister Péter Magyar will participate in discussions for the first time. The suggested cuts are drawing criticism from multiple sources, with some arguing the reduction is too substantial, while others contend it doesn’t go far enough. The proposed budget adjustments are expected to be a central point of contention during the summit. Details regarding specific areas impacted by the cuts remain unclear, fueling further debate among member states. The conflicting viewpoints highlight the challenges in reaching a consensus on the EU’s financial priorities for the coming years. This proposal initiates a crucial negotiation phase for the future of EU funding.