Press Release: Proposed Budget 2007: Focus on economic growth and progress

The European budget proposal for 2007 was presented by the European Commission on 3 May 2006. It was the first one to run under the new financial framework which was to guide EU finances until 2013. The Commission proposals for EU spending in 2007 amounted to EUR 126.8 billion, a 4.6 % increase of commitment appropriations compared to 2006. Payment appropriations were to increase as well – by 3.9 % to EUR 116.4 billion. The proposal would see an 11.5 % increase in EU funding for goals linked to competitiveness and a nearly 15% rise for cohesion for growth and employment.

European Commission: Memo: MEMO/06/183: Q&A on the budget proposal 2007, 3.5.06 http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/06/183&format=HTML&aged=0&language=EN&guiLanguage=fr

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