2007 budget: section III, Commission

PURPOSE : to present the amending letter No 1 to the preliminary draft budget 2007.

CONTENT : the Amending Letter No 1 covers the following points:

-          the revision of the forecast of traditional own resources (TOR, i.e. customs duties, agricultural duties and sugar levies), value added tax (VAT) and gross national income (GNI) bases;

-          the budgeting of the 2006 UK corrections as well as its financing (EUR 5.251. 202.631), resulting in a change in the related own resources contributions from each Member State to the EU budget.

The amending letter includes a summary table highlighting the distribution of total own resources payments between Member States as budgeted in the PDB 2007 and in the present AL 1 to the PDB 2007.

The expenditure level remains the same as in the PDB 2007 : EUR 115.112.609.227.