EU to spend €135.5 billion in 2014 or 6.5% less than this year

The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

The European Parliament might not get it all from the Council but it managed to bring the 2014 EU budget payments limit at €135.5 billion or €500 million more than the initial Council’s position. Commitments were set at €142.6bn that is in line with the Commission’s budget proposal. The initial Council’s position was to restrict payments to €135bn and commitments to €142.23bn. In short, the Council represented by the 28 member states more or less lost both fights, with the Parliament and the Commission.

The European Parliament was looking to increase payments by €1.3bn and commitments by €855 million, as compared to the Council’s position. Understandably, next year’s EU budget as agreed on the early hours of Tuesday is lower by 6.5% for payments and by 6.2% for commitments, compared to the EU budget for 2013. MEP Anne Jensen (ALDE, DK), who is steering the 2014 budget through…

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