I am today laying before Parliament, the annual European Community Finances White Paper “Statement on the 2007 EC Budget and measures to combat fraud and financial mismanagement” (Cm 7090). This White Paper is the 27th in the series. It gives details of revenue and expenditure in the 2007 EC Budget and covers recent developments in EC financial management and measures to counter fraud against the EC Budget. It also includes information on the upcoming review of the EC Budget and recent measures taken to improve the management and control of the EC Budget, including the initiative the Government announced in November 2006.