On the 16th, the European Commission announced a long-term budget of approximately 2 trillion euros, with a focus on increasing investment in priority areas such as defense and competitiveness. This budget covers a period of 7 years from 2028 to 2034, aiming to provide strategic guidance and financial support for enhancing the overall market competitiveness of the EU and narrowing the development gap between member states by establishing priority areas and investment directions for EU medium - and long-term policies. The budget funds are mainly used for investment in defense, scientific research, and agriculture, providing assistance to Ukraine, as well as addressing climate change and protecting biodiversity. The budget also plans to reform relevant rules such as agricultural subsidies and economic development subsidies. European Commission President von der Leyen said that this is a "new era budget", which is more strategic and flexible. She also stated that the budget will adjust the way the EU raises funds while maintaining the basic level of funding from member states. According to the relevant procedures of the European Union, the budget proposal needs to be unanimously agreed upon by 27 member states and approved by the European Parliament before it can be implemented. Some analysts believe that the final implementation of the budget may face multiple challenges. The EU must seek a balance between multiple priorities and consider the tense trade relations between Europe and the United States. In addition, EU member states are expected to have significant differences in funding allocation, priority determination, and funding obligations. (New Society)