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Financial framework 2007-2013: additional financing needs of the ITER project

2011/2080(ACI)

PURPOSE: to provide address additional financing needs of the ITER project through the revision of the 2007-2013 Multiannual Financial Framework.

CONTENT: the present proposal replaces the Commission's proposal of 20 July 2010 for a decision of the European Parliament and of the Council amending the Interinstitutional Agreement of 17 May 2006 on budgetary discipline and sound financial management as regards the multiannual financial framework, to address additional financing needs of the ITER project (see ACI/2010/2125).

The proposal takes progress made so far in negotiations into account, notably with regard to the level of redeployment within Heading 1A and the amounts for additional commitment and payment appropriations required for ITER under Heading 1A in 2012 and 2013. It aims at facilitating a rapid agreement by the budgetary authority with a view to securing the success of the ITER project.

The financing requires a revision of the multiannual financial framework 2007-2013 in accordance with Points 21, 22, and 23 of the Interinstitutional Agreement, so as to raise the ceilings for commitment appropriations under sub-Heading 1A by:

  • EUR 650 million for the year 2012 and;
  • EUR 190 million for the year 2013 in current prices.

The increase of the ceilings for commitment appropriations under sub-Heading 1 A for the years 2012 and 2013 will be fully offset by a decrease of the ceilings for commitment appropriations for the year 2011 under Heading 2 and Heading 5.

The proposed adjustment between expenditure ceilings leaves a margin of EUR 1028.8 million available under the ceiling of Heading 2 and of EUR 53.2 million under Heading 5 in 2011. The Commission has undertaken to take all appropriate measures to ensure that decisions taken on CAP expenditure and its financing, including the agreement on the Health Check, are respected.

In order to keep an appropriate relationship between commitments and payments, the annual ceilings for payment appropriations will be adjusted. The adjustment will be neutral in terms of payment requirements over the period 2007-2013.