Friday

20th Jan 2017

Ticker

EU Council adopts reduced 2017 budget

The European Council has adopted a draft EU budget for 2017 of €156.38 billion in commitments and €133.79 billion in payments. This is a 0.9 percent increase in commitments and a 7 percent decrease in payments compared with 2016. Support for poor EU regions will be reduced, while spending to manage migration flows and to stimulate growth will increase.

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