Economy of The European Union - Budget

Budget

Further information: Budget of the European Union

The operation of the EU has an agreed budget of €141 billion for the year 2011, and €862 billion for the period 2007–2013, this represents around 1% of the EU's GDP.

Read more about this topic:  Economy Of The European Union

Famous quotes containing the word budget:

    “The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.”
    —William Howard Taft (1857–1930)

    “We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.”
    —Ronald Reagan (b. 1911)

    “You can fool all the people all the time if the advertising is right and the budget is big enough.”
    —Joseph E. Levine (b. 1905)