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2010 budget: other sections

2009/2002B(BUD)

This document is to be annexed to the draft budget for 2010, in accordance with the agreements on the budgetary procedure.

As in previous years, this document sets out:

  • implementation of the EDFs (8th to 10th) at 31 December 2008;
  • financial implementation forecasts for the current year;
  • expenditure forecasts for 2010.

As regards the financing of the EDFs, the Member States contribute funds directly to the European Investment Bank for the instruments

which it manages under the 9th and 10th EDFs (the Investment Facility and interest-rate subsidies). Contributions for other instruments, including contributions for the old instruments managed by the EIB (risk capital and interest-rate subsidies), go to the Commission.

The Commission and the EIB have updated their commitment and payment forecasts for 2009 and 2010 for each of the ACP countries and the OCTs.

The payment forecasts in particular have been compiled with great care with the aim of helping the Member States to assess as accurately as possible the amounts they need to earmark in their national budgets while ensuring that sufficient financial resources are available for the EDF to avoid liquidity problems.

In accordance with Article 7 of the Internal Agreement on the 10th EDF, estimates will be revised in the October 2009 communication.

Overall, the document shows the structural upward trend in payments since 2000.

In addition, the documents presents the state of implementation of the EDFs at 31 December 2008 compared with the forecasts made in October 2008 in terms of commitments and payments as well as the financial situation recorded in 2008 and the projections made for 2009 and 2010.

The new forecasts for the 2009 contributions confirm the Commission's needs at EUR 3 300 million and the EIB's at EUR 165 million. Note that these amounts are the same as those decided by the Council in November 2008.

Contributions for 2010 are forecast at EUR 3 500 million for the Commission and EUR 240 million for the EIB.

It should be stressed that these figures are just a preliminary forecast and must be treated with caution, notably in the light of COM(2009) 160  on "Supporting developing countries cope with the crisis". The Commission and the EIB will make more reliable forecasts after the summer. They will be presented in the October 2009 communication.