ADMINISTRATION 6bn euros RESEARCH 4bn euros OTHER 7bn euros FOREIGN AID AND FOREIGN POLICY 8bn euros REGIONAL AID 32bn euros AGRICULTURE 49bn euros INTRODUCTION

[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Full coverage

Cashflow Who pays what? Financial perspective
FINANCIAL PERSPECTIVE 2000-2006
The EU's financial perspective is a seven-year framework for EU spending. It sets a ceiling on the amount the EU can spend in each of its policy areas, in any of these years.

The idea was introduced in the late 1980s, in order to end regular rows over the annual budget for the following year.

The EU still has to agree an annual budget, which fixes precise levels of spending, but it helps to have broad parameters settled in advance.

The perspective is adopted by a unanimous decision of EU heads of state and government, on the basis of a proposal from the European Commission. It then needs the approval of the European Parliament.

PRODUCTS AND SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific