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European Community Expenditure

Volume 81: debated on Tuesday 18 June 1985

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asked the Prime Minister if she is now satisfied with the operation of the strict budgeting control of Common Market spending agreed at the Fontainebleau Council of Ministers.

Yes. Budget discipline first applies to the Community's budget for 1986 and to decisions taken in 1985 affecting that budget. The financial guideline for agricultural expenditure in 1986 has been playing an important part in the current price fixing negotiations; and the ECOFIN Council is preparing to fix the reference framework for the 1986 budget.