Hungary will veto the European Union’s next seven-year budget draft unless it receives all blocked funds from the bloc's budget, Hungarian Prime Minister Viktor Orban said on Friday.
"These 12.5 billion euros [held in Hungary's accounts in Brussels] fulfill the requirements of the Hungarian economy until the end of 2026. We are entitled to more money besides these, this will be a problem after 2026. In my opinion, we will certainly get them too. Because negotiations have started on a seven-year budget after 2027. It requires unanimity to pass. And I can say for sure that the money that we did not get in 2025-2026, we will have to get in 2027-2028, otherwise there will be no budget, we will not approve it," Orban told Hungary’s media.
The European Commission said in mid-December 2023, that it was ready to unfreeze 10.2 billion euros, roughly a third of Hungary's total withheld funds, as it had received the latest clarification from Budapest about its claims about the rule of law in the country.