|
FAS
Weekly Attache Report Digest
January
12, 2005
EU 2005 Agricultural Budget
EU-25, January 12, 2005 -- The 2005 budget for the EU's
Common Agricultural policy has been adopted. EUR 49.7 bn has
been allocated, representing an increase of EUR 2.9 bn since
2004. This increase is mainly due to the impact of the 2003
CAP Reforms and 2004 enlargement, adding roughly EUR 1.3 bn
and EUR 1.4 bn respectively to the budget. However, the
total of EUR 49.7 bn is EUR 777m less than the Commission's
forecast needs, the cut being driven by Member State Finance
Ministers. Over the coming months, budget shortfalls may
need to be addressed for direct aid payments, tomatoes and
possibly cereals.
Read This Report
|
Pakissan.com;
|
