Wednesday 27 Nov 2013 @ 13:30
EU News
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EU's Financial Report 2012: EU budget increasingly an investment tool in the EU
The 2012 Financial Report published yesterday by the European Commission shows that 94% of the total EUR 135.6 billion of the EU 2012 budget was dedicated to beneficiaries across Europe such as researchers, students, small and medium enterprises, towns and regions and NGOs.
In 2012, the EU budget increased funding in areas stimulating growth, creating employment, and investing in research and education:
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With EUR 9.6 billion last year the Cohesion Fund contributed to the building of 1,274 km of roads and 950 km of railways.
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17,374 EU research funding requests were received last year and EUR 7.8 billion distributed through the 7th Framework Programme on Research.
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EUR 1.2 billion was invested in long-life learning.
