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European Commission asked Germany to increase contributions to the EU budget due to Brexit

EUROPEAN COMMISION (OBSERVATORY) – The European Commission (EC) urged Germany to increase payments to the European Union budget by 12 billion euros per year in the next ten years.

The new costs and losses due to the forthcoming exit of the UK from the EU (Brexit) will require from Germany as the largest payer to the budget of the union an additional 3.5-4 billion euros per year, besides in the coming years it is necessary to compensate expenses due to inflation the rise in prices, said European Commissioner for Budget Gunther Oettinger in an interview with the ARD media company in Brussels on Wednesday.

EC on Wednesday presented the draft budget of the European Union for the period 2021-2027 in the amount of 1.135 trillion euros. The budget of the current seven-year plan is 1.087 trillion euros.

In connection with Brexit and the new tasks of the European Union in the spheres of migration and defense, Oettinger planned to reduce the appropriations for farmers’ needs and structural reforms in the regions, Deutsche Welle notes.

Assistance to farmers will be reduced by 5%. According to Oettinger, this can lead to higher food prices, but, as he put it, “this is life – we will have to pay as much as the market requires.”

As reported, on March 23, the EU summit approved in Brussels the directives on relations between the European Union – Britain after Brexit. Earlier, on March 19, the UK and the EU reached an agreement on the terms of the Brexit transition period, British media reported.

The UK will withdraw from the EU in March 2019 , at the same time the country will leave the customs union and the common EU market.

The referendum on the withdrawal of the UK from the EU took place on June 23, 2016. The majority of voters decided to support Brexit.