EUOBSERVER / BRUSSELS - The European Parliament has adopted a bumper EU budget for 2010, with economic recovery spending amongst the items swelling the accounts. The €122.9 billion budget - approved on Thursday (17 December) - represents a six percent increase on this year's figure, almost half of which (€58bn) will be spent on agriculture, rural development and the environment. The second largest portion (€36bn) - known as `cohesion' funds in euro jargon - is headed towards poorer regions. The 2010 accounts will also include €2.4 billion for economic recovery projects - part of €5 billion agreed for 2009-2010 - to be spent primarily in the energy sector and on broadband development in rural areas.
EUOBSERVER / BRUSSELS - The European Parliament has adopted a bumper EU budget for 2010, with economic recovery spending amongst the items swelling the accounts.
The €122.9 billion budget - approved on Thursday (17 December) - represents a six percent increase on this year's figure, almost half of which (€58bn) will be spent on agriculture, rural development and the environment.
The second largest portion (€36bn) - known as `cohesion' funds in euro jargon - is headed towards poorer regions.
The 2010 accounts will also include €2.4 billion for economic recovery projects - part of €5 billion agreed for 2009-2010 - to be spent primarily in the energy sector and on broadband development in rural areas.
The European Parliament has approved a 122.9bn euro (£110bn) EU budget for 2010 - nearly half of which is to go to agriculture and natural resources.It is a 6% increase on the 2009 budget, which was worth 116bn euros. Next year the EU is due to conduct a major review of the budget. The UK wants to see a cut in farm subsidies.
The European Parliament has approved a 122.9bn euro (£110bn) EU budget for 2010 - nearly half of which is to go to agriculture and natural resources.
It is a 6% increase on the 2009 budget, which was worth 116bn euros.
Next year the EU is due to conduct a major review of the budget. The UK wants to see a cut in farm subsidies.
