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Total commitments are set at €160.1 billion and payments at €144.7 billion.
"We have strived this year to maximise the impact of EU spending, whilst maintaining sufficient leeway to be able to react to unforeseeable needs", said Märt Kivine, deputy finance minister of Estonia and chief Council negotiator for the 2018 EU budget. "The 2018 budget focuses strongly on priorities such as boosting economic growth and job creation, strengthening security and addressing the challenges posed by migration."
The Parliament and the Council now have 14 days to approve the joint text.