HC Deb 23 July 1986 vol 102 c316W
Mr. Leighton

asked the Chancellor of the Exchequer if, pursuant to his statement of 11 July on the exceeding of the budgetary discipline guidelines in the budget in the European Economic Community, he will set out the guideline figures, the calculations used to produce it and the multiple by which it has been exceeded.

Mr. Brooke

[pursuant to his reply, 15 July 1986, c. 499–500]: Further to my statement on 11 July reporting the adoption of a Community budget for 1986, at columns 613–14, the adopted 1986 Community budget provides for EAGGF—guarantee section expenditure of 22,112 mecu (including 567 mecu for expenditure in Spain and Portugal). This represents an increase of 926 mecu or 4.4 per cent. above the financial guidelines for agricultural spending in 1986. The calculations of the 1986 guidelines for the Community of Ten (20,619 mecu) were set out in the document "Key Figures for the 1986 Preliminary Draft Budget" which was laid before the House on 25 June 1985.

The ECOFIN Council on 7 July (reported at column 195), agreed that the provision for agricultural spending in 1986 could be increased by the amounts which can he justified mainly by the exceptional circumstance of the abnormally large depreciation of the dollar".

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