§ Mr. Deakinsasked the Chancellor of the Exchequer what mechanisms exist to fund the amount overspent if EEC agricultural expenditure in any year exceeds the maximum limit set.
§ Mr. Ian StewartAny unavoidable additional agricultural expenditure would be funded through a supplementary and amending budget.
§ Mr. Deakinsasked the Chancellor of the Exchequer what mechanisms exist under the EEC financial guideline for agricultural expenditure in excess of the maximum specified in any year to be recouped by way of reducing agricultural prices in the following year below the level at which they would otherwise have been fixed.
§ Mr. Ian StewartArticle 5 of the budgetary discipline agreement states that in clawing back additional agricultural expenditure the Council shall concentrate its activity primarily on the production sectors responsible for the failure to adhere to the guideline. Price reductions would be one means of securing the necessary savings.