Council adopts its position on the EU draft budget 2011

The Council adopted its position on the EU draft budget for the financial year 2011, approving targeted cuts in the Commission’s proposal whilst ensuring appropriate funding for the priorities of the European Union, in particular economic recovery

The Council’s position takes into account the current budgetary constraints of the member states and is in line with the budget guidelines for 2011 adopted by the Council on 16 March this year. It also leaves sufficient margins under the different headings of the financial framework in order to cope with unforeseen budgetary needs.

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