Skip to comments.EU budget agreed after MEPs settle for €3.8-billion spending hike
Posted on 12/12/2012 11:50:50 PM PST by Olog-hai
The 2013 EU budget has been agreed after MEPs signed off on a deal worth 132.8 billion ($173.8 billion) in Strasbourg on Wednesday (12 December).
The agreement breaks months of deadlock between MEPs, the commission and national governments.
It increases EU spending next year by just 3.8 billion ($4.97 billion), over 5 billion ($6.5 billion) less than the sums demanded by MEPs and the EU executive.
It also includes a controversial deal providing just 6.1 billion ($7.98 billion) of emergency funding to the European Commission to cover outstanding bills from 2012.
(Excerpt) Read more at euobserver.com ...