[2012 Budget] And the winner is…

The last chapter of the EU budget negotiation (the conciliation) was quick… And the winner for this year is… The Council, with only a 2% increase of the EU budget for 2012.

The next budget will amount for 129 billion euros.

Member states argued strongly in favor of this very limited increase of the Union budget, facing hard cuts of their own budget, they did not want the give a pass on the EU for too much spending and insisted that the budget would only follow inflation and not an extra penny.

The European Parliament who wanted an higher increase (of 5%) entered the negotiations with a lower hand as the 2011 budget needed an extra 200 million euros to finish the year.

See references: 1,2,3,4 and 5

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