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Cyprus News Agency: News in English, 13-11-12

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <>


  • [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.

    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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