Amending budget 5/2007: revision of the forecast of traditional own resources, VAT and GNI bases and the budgeting of the relevant UK corrections for 2003 and 2006

The Committee on Budgets unanimously adopted the report drawn up by James ELLES (EPP-ED, UK) and approved Draft amending budget No 5/2007 unamended. This proposal covers the revision of the forecast of traditional own resources (TOR, i.e. customs duties, agricultural duties and sugar levies), VAT and GNI bases and the budgeting of the relevant UK corrections as well as their financing, resulting in a change in the distribution between Member States of their own resources contributions to the EU budget. It also deals with the repayment of the surplus from the Guarantee Fund for external measures.