Abstract
In June 1988 the Council, the European Parliament and the Commission concluded an âInterinstitutional Agreement on Budgetary Discipline and Improvement of the Budgetary Procedureâ. A key element of the agreement is a commitment to medium-term financial planning for the Community for the period up to 1992. Can this agreement put the Community budgetary procedure on a new footing and ensure that the decisions taken at the Brussels summit on agricultural reform and budgetary discipline can be implemented?
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