Financial Report 2012: EU budget increasingly an investment tool in the EU
The 2012 Financial Report published today 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.
“In a year marked by financial difficulties, the 2012 EU budget continued to provide funding and support investments in Europe’s citizens and regions, Commissioner Lewandowski said. The high implementation of the budget confirms the increased importance of EU funding during the emerging economic recovery".