Europe’s Budget Commissioner wants to simplify and modernise the bloc’s spending.
The global financial crisis has exposed the inability of the EU’s budget, now worth 120 billion euros, to respond quickly to economic turmoil.
As it stands more than 40 percent of EU cash is spent on agricultural subsidies and a third on aid to poorer countires.
Dalia Grybauskaité expects radical changes over the next decade. However, she admits making changes will not be easy.
The French are expected to defend farmers payments. Meanwhile many within the EU want a shift from agriculture towards research, fighting climate change and energy security.