The UK presidency made an 864 billion euro deal at the EU summit in December 2005, which Parliament then managed to top up with an extra 4 billion euros on 4 April. This political agreement is set to get a final green light on 17 May.
The overall budget deal, reached in the early hours of 17 December, raised the 2007-2013 budget to 862.3 billion euros, or 1.045 percent of EU Gross National Income. Compared to the Luxembourg June 2005 compromise it is still a decrease of 22 billion euros.
During the European Council on 16-17 June 2005, EU leaders had failed to reach an agreement.
A row between Britain and France over the UK’s yearly budget rebate were among the major stumbling blocks as was the size of the payments of other net-contributing countries to the EU budget.