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Budget of the EU

20 November 2017, 22:44 CET
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The annual budget lays down all the European Union's expenditure and revenue for one year. It ensures the financing of EU programmes and actions in all EU policy areas, for example, agriculture, research, regional policy, and other. The annual budget also ensures that the EU receives the revenue necessary to finance its expenditure. The annual EU budget - expenditure and revenue - must be in balance.

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