21 November 2013

Seven-Year EU Budget Approved

The EU Parliament passed a “multi-annual financial framework” for 2014-2020 on November 19 with 537 votes (126 against). The budget includes (in billions): €180 for climate-related projects and policies, €80 for research and innovation, €70 for job creation, €33 for infrastructure, €15 for student mobility, €6 for youth employment, €2.3 for boosting small businesses, and €1.5 for creative cultural endeavors. 

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