EU's Irish presidency wants 8% cut to proposed 2028-2034 budget plan ↧ ↧ EU's Irish presidency wants 8% cut to proposed 2028-2034 budget plan The Irish EU presidency proposed on Saturday an 8% ‌cut in the European Commission's budget plan for the period 2028 to 2034 to €1.6 trillion ($1.79 trillion), drawing criticism from more frugal member states that the reduction is not deep enough.