EU BUDGET
May 1st, 2003
Keith NuthallTHE EUROPEAN Union is continuing to raise far more in revenue than it spends out on its policies and programmes, with the European Commission revealing a budget surplus of Euro 7.4 billion for 2002. That said, the excess money - which will be rolled over and reduce contributions required from Member States in the current year - is lower than it was in the previous two 12 month periods; Euro 15 billion in 2001 and Euro 11.6 billion in 2000. Over-inflated estimates from national governments of required spending on structural regional aid programmes is ...
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