EU Needs Member States to Replenish Bloc’s Budget, Official Says

The European Union will need to ask member states to make fresh contributions to the bloc’s budget to fund a growing list of priorities, including support for its industries and addressing fallout from the war in Ukraine, the EU executive arm’s top economy official said.

“We need in a sense to replenish the EU budget, because many of the reserves were used during the first years,” European Commission Vice President Valdis Dombrovskis said on Wednesday during an event hosted by Bloomberg.