The total proposed by the Commission for the budget, called the Multi-annual Financial Framework (MFF), is 1.025tn euros.
It is currently funded out of the main EU long term budget, known as the multi-annual financial framework.
The Multiannual Financial Framework, as the seven-year budget is known, must still be approved by the European Parliament.
"We look to maintain a strong balance sheet as set out in our financial framework, " a BP spokesman said.
The report sets out how the CAP is to be reformed post-2013, when the EU's current financial framework comes to an end.
But a clearer financial framework, harnessing market disciplines where possible, would surely help.
He said Cyprus would try to broker an agreement on the EU's long-term budget - the Multiannual Financial Framework (MFF) - this year.
Cyprus will ask for the money under the EU's multi-annual financial framework designed for member states suffering serious consequences from the euro crisis.
The Commission's proposal for the long-term budget, called the Multiannual Financial Framework, sets the ceiling at just over one trillion euros, or 1.03% of EU gross national income.
The member states did finally agree on the 2013 budget in December, but the multi-year budget - officially the Multi-Annual Financial Framework (MFF) - is more complex, involving long-term priorities and financial commitments.
The 2012 budget will be the sixth budget in the current seven year financial framework, and MEPs are expected to urge reform of the budgetary process in the next framework that starts in 2014.
For effective implementation of the Fast Track Initiative, the Group recommended the establishment of a specific financial framework under which countries would have "real ownership" of the process, and leadership in planning, monitoring and evaluation.
The paper - published by the Commission in February 2011 and known as "Horizon 2020" - sets out ways to give research and innovation priority in the EU's future funding guidelines, known as the Multi-annual Financial Framework (MFF).
The Jumpstart Our Businesses (JOBS) Act, which passed last year with unprecedented bipartisan support, continues to be seen as a significant step forward in changing the financial regulatory framework to improve access to capital by small business.
Second, we need to accelerate efforts to establish a global framework for financial regulation.
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The two sides agreed on a framework to allow financial firms to set up in each other's country.
Last week BofA CEO Brian Moynihan said that the charge is a necessary evil given the new regulatory framework in the financial system.
Hong Kong is also known as one of Asia's most prominent financial hubs thanks to its regulatory framework and lack of corruption.
The banker's philosophy about making credit decisions was to use the concepts of asset enhancement and liabilities reduction as a framework for looking at financial structure and power.
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Most of the institutions represented by participants would accept to be facilitators and to contribute with financial or other resources within the framework of a full fledge project proposal including a detailed budget, and a realistic time frame.
He spends most of his time trying to figure out how economic and financial events fit together in a coherent framework.
Indeed, speculative excesses in asset prices and credit flows might occur more frequently in future, thanks to the combined effects of financial liberalisation and a monetary-policy framework that concentrates on inflation but places no constraint on credit growth.
What this analysis suggests by implication is that the first order of business for the legal practitioner advising a client on a SCF transaction is to ask what, if any, legal exposure might the client have by fitting the desired secular financial transaction to a sectarian, political, and legal institutional framework predicated upon Shariah?
As he kept pointing out, there are also going to be constraints on his radicalism - not least the monetary policy framework itself, and all those other people on the Monetary and Financial Policy Committees.
But one financial expert said moving ahead with changes now need not be a problem if the correct framework was introduced.
But those who embrace this new investment framework stand to achieve double-bottom line results in the form of strong financial, as well as socially meaningful, returns that yield positive impacts on the environment and on communities around the world.
Because the advice in question was given to you in 1983, you would unfortunately not then be able to turn to the ombudsman or the Financial Services Compensation Scheme - these bodies were set up as part of the investor protection framework that was set up five years later in 1988.
Geithner said the United States will soon release a framework for regulatory reforms that is guided by several principles, including stronger oversight of financial institutions and stricter standards for stability and disclosure.
GS1 has developed an international framework for health care, said Carpenter and he is confident it could do something similar in financial services.
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In the meantime, Sir Howard, a former chairman of the Financial Services Authority, said the commission would look at the options for increasing airport capacity within the existing framework and how to narrow down the range of possible approaches.
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