The European Commission has unveiled a draft budget for fiscal 2013 that provides €9.5 billion ($12.5 billion) in commitments and €7.3 billion in payments for the bloc’s foreign policy and overseas aid instruments, excluding the European Development Fund.
The allocated budget for payments refers to past legal obligations while commitments cover planned future payments. The budget for the bloc’s external action, outlined under the “EU as a global player” heading in the draft budget, includes funds for the Instrument for Pre-accession assistance, the European Neighborhood Instrument, democracy and human rights programs, and the Common Foreign Security Policy which covers the European External Action Service.
The EU general budget does not include allocations for the European Development Fund, which supports the bloc’s activities in African, Pacific and Caribbean countries. The EDF is financed by direct voluntary contributions from EU member states.
This draft 2013 budget must be approved by the Council of the European Union and the European Parliament before it can be enacted. The Council is expected to announce its position by July 2012.
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