The EU's Current Long Term Budget

The EU's Current Long Term Budget  The European Commission has said that the €1 trillion budget from 2014 to 2020 is equivalent to each of the EU's 440 million citizens buying one cup of coffee a day. Broken down, 39 percent of the current seven-year budget is allocated for sustainable growth and natural resources. That includes agriculture, rural development, fisheries and the environment. 34 percent is set aside for economic, social and territorial cohesion. That takes into account research and innovation, IT technology, small and medium sized enterprise, transport, employment and climate change among other factors. Read more.