Brussels, 16/04/2010 (Agence Europe) - Figures released by the European Commission on Friday 16 April, show a surplus of €2.254 billion, or only 1.9% of the 2009 budget. The annual EU budget must be balanced (with no losses and no profits) at the end of the tax year. Thus any surpluses are automatically paid into the next year's budget, meaning that member states will enjoy a reduction in their contributions.
In a press release European Budget Commissioner Janusz Lewandowski said that...