EU Budget for 2017 Approved

The governments of the European Union approved at a final reading the budget of the EU for 2017.

The document has to be approved by a vote of European Parliament deputies in Brussels on Thursday.

The formal approval became possible after a deal of the two European institutions for an increase of 11% for expenditures on the re-settlement and integration of refugees, repatriation of illegal migrants and strengthening of border controls – a total of EUR 6 B for 2017.

12% more will be spent on economic stimuli – EUR 21.3 B. The money for investments under the Juncker plan for economic growth will be increased by 25% via attracting private capital.

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