Von der Leyen says EU budget must be backed by new own resources

The President of the European Commission, Ursula von der Leyen, has stressed that the budget is about Europe’s future, adding that any modern budget needs new sources of revenue at the EU level.

Von der Leyen gave her annual "State of the Union" speech before the Parliament in Strasbourg on 16/09/2026. She said: "Our budget is about our future. And any modern budget needs new own resources. We must create the conditions for our companies to attract investment and grow."

She said this underlined the importance of the Savings and Investments Union, but acknowledged that building capital markets is a long-term process. "The needs of our companies are urgent. We need a banking system that is built for growth, not just stability," she added.

Therefore, the Commission plans a new Banking Package…