EU’s long-term budget (MFF) 2014-2020 approved by European Parliament
After months of complex negotiations, today the European Parliament approved the EU’s long-term budget for 2014-2020.
All the conditions set out in its July resolution, which followed a political agreement at the highest levels between Parliament, the Irish Presidency and the Commission were met. The overall budget for the next seven years is €960 billion in commitments and €908 billion in payments (at 2011 prices).
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