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Wednesday, 05 December 2012

MEPs pave way to 2013 EU budget deal

The European Parliament budget committee has given its thumbs up to a compromise agreement reached with member countries on the EU’s €137 billion budget for 2013.
MEPs also voted through a €9 billion increase in the 2012 budget to cover a shortfall in funds, which will be given in two tranches: the first of €6 billion by the end of the year and the remaining €3 billion early in 2013.
“This is a bad deal for Europe. With EU governments only agreeing to meet part of the shortfalls for 2012, the 2013 budget will have to fill the resulting €3 billion gap in payments to programmes in EU member states that have already been committed to” said MEP Helga Trüpel, the Greens budgetary spokesperson. “That will lead to inevitable shortfalls next year, perpetuating the current cycle,” she said.
The agreement is to be voted by both the European Parliament and the Council next week.


Source: Euractiv