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EU budget surprise: Member States proposing budgetisation of the European Development Fund

Written by Simon Maxwell

“In the ‘worst case’, spending on the European Development Fund (EDF) might be merged into the budget at the same time as spending on Heading 4 is frozen and spending on non-development instruments is protected. In this case, there could be a sharp fall in development spending, by up to the total value of the EDF - a potential decrease of 30%”