Community loans to third countries: Guarantee Fund and new Member States, tranfer from the Fund to the budget

In its Opinion 10/2003 of the Court of Auditors of the European Communities on a proposal for a Council Regulation amending Regulation 2728/94/EC, Euratom establishing a Guarantee Fund for external actions, the Court of Auditors regrets the Commission's proposal to extend the deadline for the presentation of the Annual Report concerning the Fund from 31 March to 30 June. In the Court's view this report contains information which is necessary for the annual audit work carried out from April until June following the presentation of the Fund's revenue and expenditure account and balance sheet. The Court hopes that it will continue to be able to have access to this information at a convenient date.�