The European Parliament today approved the EU's budget for 2013. Derek Vaughan MEP, the report's co-author, said he was delighted to have been able to play a part in such an important decision.
Derek was responsible for the 2013 budget for EU institutions including the European Parliament's own budget.
Derek was able to restrict the Parliament's increase in its own budget to 0.6% for 2013 (which is a large real terms cut). This figure was reached despite the Parliament now having extra powers and also extra members due to Croatia joining the EU. This real terms cut was achieved by freezing all members' allowances, cutting travel budgets and reducing spending on buildings.
During talks over the last few months, Derek also agreed real terms cuts to the budgets of most other EU institutions.
Following the vote in Strasbourg, Derek said:
"During these tough economic and financial times Members of the European Parliament and other EU institutions must show responsibility.
It is important that some savings are found in the EU Budget in order to find extra money for important structural funds, rural development and research and development projects, all of which bring huge benefits to Wales. While Euro-sceptics talk, I have been able to deliver savings that can be re-focused on creating jobs and growth."