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2007-2013 EU Budget

€308 billion (35.7% of the total EU budget) in 2007-2013 for reducing social and economic disparities adopted by the European Parliament during its Strasbourg plenary. After negotiating the inter-institutional agreement among the Commission, the EP and the Council this April, the parliamentary EU organ was about to give its final assent on the implementing legislative measures on the next seven year EU budget. Hungary will receive around €22 billion. As a new characteristic the eligible non-recoverable VAT could be rendered from the structural funds and the Cohesion Fund from 2007. National development plans and operational programs will be negotiated between the Commission and Member States in the autumn. (by BBJ’s Brussels correspondents)