§ Mr. Deakins
asked the Chancellor of the Exchequer what was the total EEC expenditure in 1973 (actual or estimated); what percentage changes are anticipated in each of the years 1974 to 1976; and if forward estimates are based on agricultural prices unchanged from 1973–74.
§ Mr. Tom Boardman
The Community budget for 1973, including supplementary budgets, amounted to 5,134 million units of account. The 1974 budget is 11 per cent. less than this and is on the basis of no change in Community agricultural prices. The budgetary effect of any increase in these prices will be offset to the extent that world prices are higher than previously assumed. Estimates of future percentage changes in expenditure would not be meaningful in the absence of a decision on the regional development fund.