Arab Today, arab today eu short €20bn for 2013
Last Updated : GMT 16:55:59
Arab Today, arab today
Arab Today, arab today

EU short €20bn for 2013

Arab Today, arab today

Arab Today, arab today EU short €20bn for 2013

Brussels - AFP

The European Union is likely to be 20 billion euros ($27 billion) in the red in 2013, forcing the bloc to transfer payment of unpaid bills to 2014, a European source said Thursday. The source, who asked not to be identified, said the forecast shortfall on this year\'s 132.8-billion-euro budget was discussed at talks between the European Commission, which is the bloc\'s executive, the European Parliament, and Lithuania, which currently holds the rotating EU presidency. The Commission told EU lawmakers that requests for reimbursements from member states between now and year\'s end were expected to amount to 50 billion euros but that there were only 30 billion euros left in the coffers. The Commission as a rule meets payments requested up until October but may delay payment on bills submitted later in the year until 2014. The EU budget, largely made up of contributions from member states, makes its way back to these countries in the form of financing for the agricultural sector or regional projects. The EU is also the world\'s top aid donor. The shortfall is likely to exacerbate friction over the budget between member states and the European parliament, already angry over proposed cuts in EU spending by austerity-minded national governments. The Commission had already asked for an extra 11.2 billion euros in 2013 to cover unpaid bills from 2012, and lawmakers had approved proposals for the next longterm 2014-2020 budget only on condition that member states cover these bills. Governments had asked to pay that sum in two instalments, with 7.3 billion euros paid up during the summer. Last week the Commission reminded governments that it was awaiting a further 3.9 billion euros. Next month the European Parliament is set to vote on the final approval to the 960-billion-euro ($1.25-trillion) 2014-2020 EU budget at a plenary session October 21-24. Agreement on the seven-year budget, which cuts spending for the first time, has been held up by months of squabbling between governments, the parliament and the EU executive. The parliament and Commission had been at odds with austerity hardliners Britain, Germany and the Netherlands, who early this year shot down plans to increase spending and instead pushed through a historic three-percent cut. Notably at stake are plans to quickly put billions of euros into measures to help Europe\'s 5.6 million unemployed people under the age of 25.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu short €20bn for 2013 Arab Today, arab today eu short €20bn for 2013

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu short €20bn for 2013 Arab Today, arab today eu short €20bn for 2013

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Girl barred from Malaysia chess competition

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday