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| 10 oct 2013 |
15:17 |
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Financial Discipline: 4.0% reduction in CAP Direct payments in 2014 budget year
This year's CAP Direct payments will be reduced by 4.00% [4.001079%] because the available budget is €1.47bn below budgetary requirements, according to a European Commission decision taken today. A threshold will apply to exempt the first €2000 from this "Financial Discipline" instrument.
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