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EU budget 2014-2020: freezing is not an option, new income sources needed

European Parliament 25 May 2011: Freezing the EU's long-term budget after 2013 is not a viable option if it is to achieve its policy aims, said the Policy Challenges Committee on Wednesday, voting its stance on the EU's long-term budget for 2014-2020. The budget structure must clearly reflect the EU 2020 sustainable growth strategy, say MEPs, who also advocate new income sources for the budget, and call for an end to all rebates, exceptions, and corrective mechanisms.