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Ec (Funds)

Volume 77: debated on Wednesday 24 April 1985

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asked the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the intergovernmental agreement of EEC Foreign Ministers designed to meet the shortfall in funds for 1985.

At its meeting on 21 March, the Foreign Affairs Council agreed, subject to the approval of national parliaments, to fund the Community's irreducible financial obligations in 1985 through an intergovernmental agreement. The Budget Council on 23 April agreed on the amount of finance involved. My hon. Friend the Economic Secretary will be reporting the outcome of the Council to the House.