19th October 2012

The European Commission decided to reduce 2013 EU budget

The European Commission agreed today to decrease by €25.1 million its draft budget for 2013 presented this April. The Commission came up with the decision after the usual autumn update of EU funding needs in agriculture, and reflecting the international fisheries negotiations. The planned needs for agricultural expenditure now amount to €44.1 billion.

The Parliament will vote on the draft budget during its plenary session in Strasbourg on 23 October. This will be followed by three weeks of negotiations between MEPs and the Council, with the European Commission acting as a broker.

For more information, click here.

Members of the American Chamber of Commerce in the Czech Republic