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10 oct 2013

15:17

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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