Piotr Serafin, Poland’s Commissioner-designate for Budget, Anti-Fraud, and Public Administration, has called for immediate action to implement new EU-wide taxes. These taxes are necessary to support the EU’s budget for the 2028-2034 period. Serafin stressed the urgency during his confirmation hearing, warning that the slow pace of progress so far could jeopardize the EU finance future.
New Taxes Could Generate €36 Billion Annually by 2028
Serafin proposed carbon emissions and multinational taxes to raise approximately €36 billion per year from 2028 onward. These new revenue sources are essential to address the EU’s growing financial demands and ensure a more sustainable EU finance future. Current contributions from member states, along with duties like customs tariffs and VAT-based taxes, will not suffice to meet the Union’s needs. The new taxes aim to create a more sustainable and autonomous funding model, ensuring that the EU can meet its long-term goals without relying solely on member state contributions.
A Streamlined and Targeted EU Budget, with Focus on Fraud Prevention
Serafin also highlighted the need for a more efficient, focused EU budget. He suggested limiting the number of programs to target specific priorities and ensure more impactful results. By streamlining these programs, the EU could simplify access to funds and reduce bureaucratic delays. In addition, Serafin committed to strengthening the fight against fraud and organized crime within the EU. He proposed enhanced cooperation between the European Anti-Fraud Office (OLAF) and the European Public Prosecutor’s Office (EPPO) to recover misused funds and redirect them to pressing issues like climate change and security.
Serafin’s vision includes a balanced, simple budget for the upcoming period, ensuring financial stability while addressing key challenges such as defense and the green transition. While discussions for the EU’s long-term budget will not begin until 2025, Serafin’s leadership will be vital in setting clear priorities. The new European Commission is expected to be approved by the European Parliament in late November, with the mandate starting in December.
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