Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-994"
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"en.20101215.23.3-994"2
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"European Union budgetary practice meets a certain number of principles including that of specialisation. This means that a sum allocated to a particular policy can only be used for that policy. This principle, along with others, safeguards the good financial management of the Union. However, it also gives rise to a degree of inflexibility in the budget. The annual budget and even more so the multiannual financial framework cannot predict all the expenses that the Union will face. That is why, for some years now, there has been a ‘Flexibility Instrument’. This consists of a financial reserve, the amount of which is included in the budget each year. It enables the financing of policies and projects, the cost of which it had not been possible to anticipate. My colleague Mr Böge’s report recommends that this instrument be used to finance the Lifelong Learning Programme, the Competitiveness and Innovation Programme and aid to Palestine. As these are three areas where I believe in the Union’s positive action, I did not hesitate to vote for this text."@en1
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