Bloomberg News

Latvia Wants Payment Changes in Next EU Budget, Rinkevics Says

November 20, 2012

Latvia wants the European Union’s next seven-year budget to amend the current funding for direct payments, which go to the country’s farmers, Foreign Minister Edgars Rinkevics said on his Twitter Inc. account.

EU leaders will meet in Brussels this week to debate the 2014-2020 spending plan amid a row between net recipients of the bloc’s aid and net contributors, who seek a leaner budget.

The latest compromise to be discussed includes 74 billion euros ($95 billion) in cuts from the European Commission’s original proposal for a budget of about 1 trillion euros, Slovak Premier Robert Fico, who also wants changes in cohesion funding, said today in Bratislava, the capital.

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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