Tuesday, 24 July 2012

EU Council: €132.70 billion 2013 budget

In a press release today,

"the Council adopted its position on the draft EU budget for 2013. The ministers agreed that the increase in payments should not be higher than 2.79% compared to the 2012 budget".      

It explains further,

"In absolute figures, the Council position amounts to 132.70 billion euro in payments (i.e. actual amounts that could be paid out in 2013) and 149.78 billion euro in commitments (i.e. promises to spend money, which do not necessarily have to be paid out in 2013, but can be spread over several financial years)".       


"The Council earmarked the largest increase – +6.71% in payments – for sustainable growth ("heading 1"). The largest slice under this heading has been allocated to the EU's cohesion policy (sub-heading 1b), representing an increase of 8.07%".

And here's the Council's proposal for 2013 (see here for more details),

No "fiscal austerity" therefore for the EU budget, let the individual countries feel the pain instead. I wonder if any pay reductions have been agreed for the EU leaders and MEPs, if headcount will be reduced and if any efficiency programmes will be implemented to improve the EU etc...The member countries and especially the electorate, should have a real think about what these massive sums could be spent on instead if they were not members.

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