European Parliament pushes for Eur 2.08 Billion Oct budget, increase could benefit the Caribbean parts of the Kingdom

The European Parliament has proposed increasing the budget for Overseas Countries and Territories (OCTs) to EUR 2.08 billion for the period spanning 2028 to 2034. This proposed allocation represents a significant increase in funding for these territories. The initiative is intended to provide enhanced financial support, which could specifically benefit the Caribbean parts of the Kingdom. These include Aruba, Curaçao, St. Maarten, Bonaire, St. Eustatius, and Saba. This budgetary push outlines the Parliament's direction for future financial assistance to OCTs over the seven-year period.