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EU Budget to be Increased

Published: March 18, 2013; 19:32 · (Vindobona)

Because of Croatia’s EU entry on July 1, 2013 the budget has to be elevated

EU Budget to be Increased / Picture: © Vindobona.org

For the first time since 1957, the volume of expenses was not raised but cut. A total of € 960bn in liabilities and € 908.4bn in donations in the years from 2014 to 2020 was agreed upon by the heads of governments in a 26-hours-long negotiation in Brussels on February 8. However, the EU parliament did not approve of this proposal. The multi-annual financial framework recommended by…

This article includes a total of 241 words.

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