Amending budget 1/2014: technical adjustments concerning European Investment Fund (EIF), Horizon 2020, Shift2Rail joint undertaking

On 11 February 2014, the Commission submitted to the Council draft amending budget (DAB) No 1 to the general budget for 2014 regarding the following elements:

• adjustments needed to implement the capital increase of the European Investment Fund to improve access to financing for small and medium-sized enterprises;
• technical adjustments in the budgetary structure following the adoption of the legal base for Horizon 2020 in December 2013;
• technical adjustments in the budgetary structure related to the establishment of the Shift2Rail Joint Undertaking;
• other technical amendments necessary to allow the implementation of the 2014 budget as agreed by the Conciliation Committee.

This DAB is budgetary neutral in terms of overall commitment and payment appropriations.

On 9 April 2014, the Council adopted its position on DAB No 1/2014 by approving, unamended, the Commission proposal as set out in the technical annex to the explanatory memorandum of the draft budget (see Council doc. 8219/14 ADD 1).