Jump to content

Multiannual Financial Framework

From Wikipedia, the free encyclopedia
This is an old revision of this page, as edited by Colonies Chris (talk | contribs) at 23:45, 13 January 2011 (sp, date & link fixes; unlinking common words, replaced: year → year, in 1984 → in 1984 using AWB). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

The financial perspective (sometimes financial framework) of the European Union (EU) is a seven-year framework for its spending.

The origin of this unusual usage of the term "perspective" appears to be non-native English, likely influenced by French or German (English "prospects" = French "perspectives", German "Perspektive").

Financial perspective for the 2007/2013 period

On December 15, 2005, EU members agreed to fix the common budget to 1.045% of the European GDP. UK Prime Minister Tony Blair accepted to review the British rebate, negotiated by Margaret Thatcher in 1984. French President Jacques Chirac declared that this increase in budget will permit Europe to "finance common policies" such as the Common Agricultural Policy - which represents about 44% of the EU's spending - or the Research and Technological Development Policy. However, France's demand to lower the VAT in catering was refused.


Stub icon

This article about the European Union is a stub. You can help Wikipedia by expanding it.

Retrieved from "https://en.wikipedia.org/w/index.php?title=Multiannual_Financial_Framework&oldid=407749770"