DAILY COMMISSION NEWSBRIEF – 10 July 2014

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DAILY COMMISSION NEWSBRIEF - 10 July 2014
10 Jul 2014

DAILY COMMISSION NEWSBRIEF – 10 July 2014

Brussels Daily

EU Commission proposes to reduce Member States’ GNI contributions to 2014 budget

The Commission proposed a technical update (draft amending budget 4) to the 2014 EU budget based on revised estimates of traditional own resources and the VAT/GNI based resources, plus the budgeting of fines. Overall, Member States’ contributions to the 2014 EU budget are reduced by some €2 billion. The combined effect of draft amending budgets 2, 3 and 4 is an increase in the financing of €105 million compared to the adopted initial 2014 budget. Link to the proposal: http://ec.europa.eu/budget/biblio/documents/2014/2014_fr.cfm#dab4

NOTE: This is the fourth proposal to amend the 2014 budget.

Draft amending budget 1 was adopted in February 2014 and did not affect the overall size of the budget (reshuffling of agreed amounts within the voted budget).

Draft amending budget 2 was adopted in April 2014 and covered the surplus from the 2013 budget (EUR 1 billion)

Draft amending budget 3 was adopted on 28 May 2014 and concerned mainly the payments from the unallocated margin and the contingency margin, as well as fines (altogether EUR 4.7 billion).  Read todays Newsbrief in full

 

 

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