Wonder how much the European Union is costing you and how much you get in return? We have produced an interactive tool to make it easy for you to find out where EU funding comes from and how it is invested. It also allows you to compare between different European countries.
The figures used are the latest available, as published in the European Commission's financial report for 2013.
There are in fact two types of EU budgets. There is the long-term budget, known as the multi-annual framework, which establishes the annual spending limits. This is negotiated ever seven years. There is also the annual budget, which sets out in more detail how the EU should spend its budget over the coming year.
The European Parliament and the national governments represented by the European Council share the power to decide the budget and they usually enter into lengthy talks before they agree on the final budget. To find out more about how it works, check out our page on the budgetary procedure.
Thank you to Gerard van der Leun for making the image available http://epfacebook.eu/eNfT