EU BUDGET AGREEMENT -FINANCIAL PERSPECTIVES CAP SPENDING REDUCTIONS
January 1st, 2005
BY KEITH NUTHALL
AGRICULTURAL spending by the European Union (EU) will fall from 2007-13 under the medium-term budget agreement struck on Friday, says a detailed communiqué released by EU officials. Spending on "agriculture-market related expenditure and direct payments" will decline steadily from Euro 43.1 billion in 2007 to Euro 40.6 billion in 2013, heads of government agreed in complex negotiations in Brussels. Between those years, spending will be Euro 42.7 billion in 2008; 42.2 billion in 2009; 41.8 billion in 2010; 41.4 billion in 2011; and 41 ...
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