EU Commission proposes 1.279-trillion-euro post-Brexit budget

Brussels (AFP) – European Commission chief Jean-Claude Juncker unveiled “reasonable and responsible” plans Wednesday for a bigger post-Brexit budget worth 1.279 trillion euros covering 2021-2027.

“Our proposals lead to an overall amount of 1.279 trillion euros,” Juncker told the European Parliament, adding that it was equivalent to 1.1 percent of the European Union’s economic output.