Germany set to pay 42% more into EU budget in coming years – Die Welt

Citing government calculations, the German daily newspaper Die Welt reported on Monday, the Eurozone’s economic powerhouse is likely to see its contribution to the European Union’s (EU) budget rise by 42%, or EUR13 billion (11.7 billion pounds) annually, over the coming years, per Reuters.

“The latest proposals from Brussels said member states needed to pay around 1.075% of their gross domestic product (GDP) into the budget over the next seven years - based on 2018 GDP, meaning a total volume of 1.1 trillion euros,” Welt reported.

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