Publisher's Synopsis
Excerpt from World Agriculture, Vol. 49: Situation and Outlook Report; September 1987
The EC also hopes to deal with an expected deficit of $5 - 7 billion this year by having the EC Commission reimburse member states for actual spending, rather than providing cash advances for predicted expenditures on a monthly basis. At the last European summit, Prime Minister Margaret Thatcher said that some legally binding limits on agricultural spending will be a necessary precondition for agreement to expand the EC revenue base at the Copenhagen summit in December.
Printed copies of the World Agriculture Situation and Outlook Report will be available in about a week. For further information, contact Art Bommen (202) 786 1680. The report, including summary and tables also will be available electronically. For details, call (202) 447 - 5163.
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