Financial Times FT.com

EU to propose 2010 budget cut

By Tony Barber in Brussels

Published: July 9 2009 14:26 | Last updated: July 9 2009 19:59

European Union governments will on Friday propose to trim the bloc’s 2010 budget by more than €600m in an attempt to keep a tight grip on spending without hindering efforts at economic recovery.

At a meeting with European parliament delegates, the EU’s 27 governments will recommend that authorised expenditure for 2010 should total €137.9bn ($194bn, £118.4bn), about 0.4 per cent less than the European Commission proposed in a draft budget last April.

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