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Europe Live Sunday 26th May 2013

The Union's 2013 Budget

16th July 2012

On 11th July 2012 the Permanent Representatives Committee adopted the draft position of the Council on the 2013 budget. The formal adoption of this document is due to be given on 24th July. The document stresses the need to avoid greater burden on public funding by the States in this period of budgetary consolidation whilst adopting measures to promote growth. In line with the "Europe 2020" Strategy the greatest increase involves sustainable growth, but emphasis has also been placed on cohesion, as well as freedom, security and justice. Generally the 2013 budget totals 132.70 billion euros in payments and 149.78 billion in commitments. In comparison with 2012 the increase totals 3.61 billion.

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