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The EU budget

How does the EU budget work?

The EU's budget - known in technical jargon as the financial perspectives - are agreed in advance for a seven year period. The next period will run from 2007-2013. Member States and the Parliament agree on spending limits for the whole period and also for subdivisions within that budget. At present the budget is subdivided into seven categories: agriculture, structural measures, internal policies, external action, administrative procedure, reserves ...

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