The European Parliament passed a resolution saying that it does not agree with the EU budget for 2014-2020 and that it demands amendments to it. The resolution is not legally binding.
EU MPs have declared they would support the new budget only after a satisfactory result is reached in negotiations with the Council of the European Union. The Parliament is demanding that all liabilities from the previous budget be paid before the new budget period begins.
The parliament did not challenge the overall spending limit agreed by governments, but did insist on a legal review of the budget deal after EU elections in 2014, which could reverse the cuts if Europe's economy were to improve in the meantime.
The European Union's budget for 2014-2020 was agreed upon at a summit in February. The European Parliament will hold a binding vote on the proposal in June.
If governments and the parliament fail to reach an agreement on a budget, the EU would be without a spending framework from the start of next year, forcing it into a system of provisional annual budgets and throwing its long-term spending plans into disarray.
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