9) «Proposal on Europe´s spending plans (European Commission)»

by Javier Carro

Topics: Economy, Frontpage

9)      «Proposal on Europe´s spending plans (European Commission)»

The European Commission, led by José Manuel Barroso submitted its revised proposal for the EU´s multiannual budget in July, suggestion an overall ceiling of €1,033bn for the period from 2014-20, or 1.08 per cent of the EU´s GNI (gross national income).

In terms of payments, the commission request came to €988bn, or 1.03 per cent of GNI. The proposal aroused controversy because it left a slew of EU programmes outside the budget.

That accounting sleight of hand led some capitals to complain that the real total was significantly higher. ∎

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