Budget 2014: MEPs reverse Council cuts in research and jobs expenditure
Today MEPs reversed the Council’s proposed cuts in research and employment expenditure in 2014 in a plenary vote in Strasbourg.
In areas that MEPs believe are vital to boost the economy, such as the digital agenda, research, entrepreneurship and (youth) employment measures, Parliament followed the Budgets Committee’s recommendations to reverse the €629 million payment cuts proposed by the Council in July and to top up the budget with an extra €34 million.
Parliament’s position was approved with 480 votes in favour, 119 against and 86 abstentions.
Following the plenary vote, Parliament and Council have a 21-day “conciliation” period in which to strike an agreement. If conciliation produces an agreement, it will be put to a final vote at the November session.