Source AP ©

EU increases funds for research and development

EU legislators sought to enlarge funds for development and research in EU budget next year, a package that is supposed to be about Ђ5 billion (US$7.12 billion) higher than what was initially approved.

The European Parliament added money for the planned Galileo satellite navigation system and an EU technology institute and increased aid to Kosovo and the Palestinians, for a package envisaging payments of Ђ124.2 billion (US$176.74 billion), or 0.99 percent of the union's Gross National Income.

The EU governments proposed payments of Ђ119.4 billion (US$170 billion) in the first round of the budget's legislative review. The European Parliament and member states will have to reach a compromise by the end of the year.

The 2008 budget envisages spending more on growth and employment than on agriculture for the first time.

The EU executive is limited by an annual ceiling agreed to by the EU member states as part of an overall 2007-2013 long-term financial package.

A large part of the EU budget is spent on handouts to farmers, and that will not change until at least 2009, when the long-term budget will be reviewed by member states.

Comments
World honours bravery and courage of Russian pilot who killed himself in Syria
USA plays to pretend a mighty dragon that can no longer breathe fire
Russia unveils nuclear-powered interstellar spaceship
USA plays to pretend a mighty dragon that can no longer breathe fire
USA plays to pretend a mighty dragon that can no longer breathe fire
The Amazon and the New Conquistadores
Moving inexorably towards war
Capital outflow from Russia sets new records
US-led coalition strikes Assad's army in Syria
US-led coalition strikes Assad's army in Syria
US-led coalition strikes Assad's army in Syria
Moving inexorably towards war
USA plays to pretend a mighty dragon that can no longer breathe fire
Indian Origin of Egyptian Civilization
The difference between Polish and Ukrainian nationalism is plain to see
USA plays to pretend a mighty dragon that can no longer breathe fire
USA plays to pretend a mighty dragon that can no longer breathe fire
USA plays to pretend a mighty dragon that can no longer breathe fire
What weapons the USA, Russia and China may use in case of World War III
USA plays to pretend a mighty dragon that can no longer breathe fire
Sanctions do not stop foreign countries from buying Russia's S-400 systems