| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/05/670 (6.6.05) |
| Publication Date | 06/06/2005 |
| Content Type | News |
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In the second downward adjustment in 2005 the European Commission reduced Member States' contributions to the 2005 EU budget by a further €526 million. Fresh economic data and a surplus in the Guarantee Fund for external actions for 2004 were the main reasons for the modification. In a new amended budget the Commission proposed major changes for Member States such as the United Kingdom, (- €909 million), and Germany, (- €320 million). |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/05/670&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
