Memo: Elements of the political agreement on the European Union’s future budget 2014-2020

The European Council commits to take all necessary additional steps to ensure that the Union's obligations for 2013 are fully honoured. On the basis of a proposal to be made by the Commission in early autumn on the basis of the latest updated estimates regarding payment appropriations, the Council commits to decide, without delay, on a further draft amending budget to avoid any shortfall in justified payment appropriations.

European Commission: SPEECH/13/583: Multiannual Financial Framework: political agreement reached - Statement by President Barroso following his meeting with the President of the European Parliament, Martin Schulz, and Taoiseach Enda Kenny for the Irish Presidency of the Council http://europa.eu/rapid/press-release_SPEECH-13-583_en.htm

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