In December 2005, the European Council agreed a Financial Perspective for 2007-2013. This reduced significantly planned EU spending compared with the Commission proposal. Morover, if effectively redistributed net funds from new poorer member states to old richer members. This paper charts the evolution of those budget proposals, with reference to key facts that brough about these changes.
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Paper provided by Nottingham Trent University, Nottingham Business School, Economics Division in its series Working Papers with number
2006/1.
Find related papers by JEL classification: E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook F3 - International Economics - - International Finance H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
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