Arab Today, arab today eu short €20bn for 2013
Last Updated : GMT 16:01:51
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.

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
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 06:04 2017 Wednesday ,22 February

Hammond closes in on budget goal

GMT 05:34 2017 Wednesday ,22 February

Euro zone economy outlook shines

GMT 04:10 2017 Wednesday ,22 February

US stocks finish at another all-time high

GMT 02:31 2017 Wednesday ,22 February

Arms deals worth over AED6.9 bn sealed on day two of IDEX

GMT 02:21 2017 Wednesday ,22 February

Putin urges Russian nuclear weapons boost

GMT 21:14 2017 Tuesday ,21 February

Tatas will lead, not follow

GMT 20:39 2017 Tuesday ,21 February

China allocates $117 billion to expand railway network
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
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