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The 2010 budget is up six percent on this year (Photo: EUobserver)

EU adopts bumper budget for 2010

The European Parliament has adopted a bumper EU budget for 2010, with economic recovery spending amongst the items swelling the accounts.

The €122.9 billion budget – approved on Thursday (17 December) - represents a six percent increase on this year's figure, almost half of which (€58bn) will be spent on agriculture, rural development and the environment.

The second largest portion (€36bn) - known as ‘cohesion' funds in euro jargon - is headed towards poorer regions.

The 2...

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The 2010 budget is up six percent on this year (Photo: EUobserver)

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