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Image header Agence Europe
Europe Daily Bulletin No. 10365
Contents Publication in full By article 17 / 26
GENERAL NEWS / (eu) eu/budget

4.5 Billion reduction in member states' contributions in 2011

Brussels, 21/04/2011 (Agence Europe) - Budgeting the 2010 budget surplus will allow for contributions from EU member states to the current Community budget (2011) to be reduced by a total of €4.5 billion. This is the aim of the Draft Amending Budget (DAB) No 3/2011 adopted on 15 April by the European Commission. The implementation of the budget year 2010 shows a surplus of €4 539 394 283(not including contributions from the European Free Trade Association (EFTA) and European Economic Area (EEA)), which is therefore entered as revenue in the 2011budget. The budgeting of the surplus will diminish accordingly the global contribution of the member states to the financing of the EU Budget. This global decrease by member states will also be influenced by the updated own resources forecast (Traditional Own Resources (TOR), Value Added Tax (VAT) and Gross National Income (GNI)) including the updated amount of the UK correction. In June, the Commission will present, in a separate Draft Amending Budget, updated forecasts, which are expected to change further the amounts of the contributions by country. (L.C.trans/fl)