[Budget 2012] The parliament gives its numbersPosted: October 7, 2011
The European Parliament budgetary committee stated its final figures that will be put forward for vote by the entire assembly before the end of the month.
The big winner categories are the Cohesion and Structural funds and Research and Development with increase by 10 and 8 %. The parliament also slashed 15 millions of euros from its own budget.
The MEPs vote will kick-off the conciliation process between Parliament, Council and Commission in November. If the three institutions can agree on a budget, there will be a budget before December. Otherwise, the commission might need to put forward a completely new budget, and the all process will start again. Hopefully, although we will see a showdown between Parliament and Council, an agreement in the middle will be possible before 2012 starts.