Currently, negotiations on the EU budget are underway in Parliament and the Council, including discussions on shaping the Global Europe instrument. To commence negotiations with Parliament, the Council has adopted positions on certain parts of the legislative proposal:

Member states are to be more involved in setting strategic priorities and overseeing implementation, according to the negotiation text. More regular consultations between the Council and the European Commission are planned, including annual strategy debates and ongoing discussions about programme planning and implementation. Additionally, the partial mandate places a greater emphasis on EU enlargement and neighbourhood policy. Provisions to address migration and geopolitical crises are also to be expanded.

The Council’s position adheres to the principle of open and fair competition while enabling greater consideration of European interests. In strategically important sectors, such as energy, digital transformation, or critical infrastructure, European companies are to be prioritised in tenders.

Moreover, the "Team Europe" approach — cooperation between EU institutions, member states, and European financial institutions in external policy projects — is being strengthened. The role of the European Investment Bank will also be enhanced, and the importance of the "Global Gateway" as a European strategy will be highlighted.

With this agreement, the Council now has a negotiation mandate for talks with the European Parliament regarding the "Global Europe" programme. However, the final budget amount for the 2028–2034 period will depend on the ultimate agreement on the EU's next Multiannual Financial Framework.