EU negotiators clinch deal on 2014 budget 12 November 2013 Last updated at 09:37 Negotiators in Brussels have clinched a deal on the 2014 EU budget after a night of hard talks, cutting spending by about 6% compared to 2013. Spending will total 135.5bn euros (£113.3; $181.3bn), or 0.5bn less than the Commission sought and 0.9bn short of the European Parliament's target. However, the budget is 0.5bn bigger than what austerity-conscious government leaders were demanding. It reflects stricter new terms agreed by EU leaders in February. There will be greater funding for economic growth, jobs, innovation and humanitarian aid, Lithuania's Deputy Finance Minister Algimantas Rimkunas said in a statement. His country currently holds the six-month rotating EU presidency. EU agencies dealing with migration, asylum and border control will also be strengthened, as will the European financial supervisory authorities, he added. About two-thirds of the budget will go on subsidies for farmers and on development projects in the EU's poorer regions, as in previous years. But the spending on such projects - called the "cohesion" budget - is being cut by about 7bn euros. Four governments voted against the compromise deal - the UK, Denmark, the Netherlands and Sweden, German ARD television reported. They wanted the EU to make deeper cuts. Tuesday's agreement, reached after 16 hours of negotiation, is expected to be signed off by ministers and the European Parliament next week. It should pave the way for the European Parliament to adopt the EU's long-term trillion-euro budget for 2014-2020.