HC Deb 16 November 1992 vol 214 c22W
Sir Teddy Taylor

To ask the Minister of Agriculture, Fisheries and Food what advice he has had from the EC about the estimated levels of CAP expenditure in the current year and the next three years.

Mr. Curry

The budget for the common agricultural policy for 1992 is 37,289 mecu (£26,390 million1). The draft CAP budget for 1993 is 38,985 mecu (£31,798 million2). These figures include the budget for European Agricultural Guidance and Guarantee Fund guarantee and guidance measures and 1,000 mecu (£708 million1, £816 million2) for the monetary reserve. There will be no call on the monetary reserve in 1992.

It is not normal practice to forecast anticipated expenditure for subsequent years, which depend on decisions yet to be taken.

  • 1 Converted at £1=1.1413 ecu.
  • 2 Converted at £1=1.226 ecu.