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Cyprus News Agency: News in English, 13-11-12
CONTENTS
[01] 2014 EU budget agreed
[01] 2014 EU budget agreed
A package deal comprising the 2014 EU budget and the financing of EUR
400.5 million to remediate flood and drought damages in four member
states was agreed today by the Council and the European Parliament at
a meeting of the Conciliation Committee.
The agreement on the 2014 EU budget, which is the first under the
multiannual financial framework (MFF) for 2014-2020, meets three
objectives: it preserves member states` budgets from additional pressure
which might force them to strengthen their consolidation efforts at
national level by setting the level of funds significantly below the 2013
budget; it leaves sufficient margins under the MFF ceilings to allow the
EU to cope with unforeseen situations; it ensures that European taxpayers`
money is spent on the most urgent political priorities, notably on
measures to boost growth and create jobs, in particular for young people.
"I believe that today`s agreement on the 2014 EU budget is a good start
for the new programming period", said Vice-Minister for Finance of
Lithuania and President of the Council Algimantas Rimkunas.
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