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Amending budget 7/2007: increase in the forecast of revenue, VAT and GNI balances, decrease of payment appropriations in certain budget lines

2007/2237(BUD)

On 8 November 2007, the Commission forwarded to the Council Preliminary Draft Amending Budget (PDAB) No. 7 to the general budget for 2007. At that time the figures therein were still to be considered provisional.

The updated figures to be taken into consideration were communicated to the Council on 12 November 2007. This final version of this PDAB takes into account an increase in the forecast of revenue and a decrease of payment and commitment appropriations on the expenditure side. The latter is a result of the Commission's latest estimates of needs until the end of the year.

As regards revenue, the total increase in the forecast of revenue (EUR 4 324.8 million) results from revisions of the forecasts of:

  • VAT and GNI balances (EUR 3 830.3 million concerning Chapters 31 and 32);
  • other revenue, namely: i) repayment of unused Community aid and Financial corrections in connection with the Structural Funds (EUR 179.5 million concerning Items 6150 and 6500); ii) interest on late payments and fines (EUR 315 million concerning Chapters 70 and 71).

On the expenditure side, the Commission proposes to decrease:

  • payment appropriations for the Competitiveness for Growth and Employment (sub-Heading 1a) by EUR 466.5 million;
  • payment appropriations for the Cohesion for Growth and Employment (sub-Heading 1b) by EUR 572.8 million;
  • payment appropriations for the European Fisheries Fund and Environment (Heading 2) by EUR 108.1 million; payment and commitment appropriations for the European Agricultural Guarantee Fund (Heading 2) by EUR 400 million;
  • payment appropriations for the Freedom, Security and Justice (sub-Heading 3a) by EUR 104 million.

The combined effect of increase in the forecast of revenue (EUR 4 324.8 million) and decrease of payment appropriations in budget lines for (sub-) Headings 1a, 1b, 2 and 3a (EUR 1 651.4 million) is to reduce Member States' GNI contributions to the 2007 budget by EUR 5 976.2 million.

On 26 November 2007, the Council established - on this basis - Draft Amending Budget No. 7 for the financial year 2007 as set out in the technical annex to this Council document (Council doc15715/07).