EU presents draft budget for 2012

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BRUSSELS. April 20. KAZINFORM The European Commission on Wednesday presented its 2012 draft budget for the European Union (EU), seeking an increase of 4.9 percent over this year at a time when EU governments are tightening their belts amid the debt crisis.

The draft budget totals 132.7 billion euros (189.8 billion U.S. dollars) in payments from member states.

According to Xinhua, the commission said the increase was necessary because the EU needed more money to pay for programs launched in 2007 that were now running at full speed.

For full version see http://news.xinhuanet.com/english2010/business/2011-04/20/c_13838174.htm

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