Brussels, 25/09/2012 (Agence Europe) - On Monday 24 September the Council of Ministers of the EU adopted its position on draft amending budget no 4/2012 which concerns, in particular, the revision of the forecast on own resources.
On the basis on the latest economic data, it was decided to reduce financing from the net customs duties by €1.52 billion and to increase the forecasts from the own resources based on VAT (+ €47 million) and the forecasts from the own resources based on GNI (+ €47 billion).
Aiming to remedy certain problems of liquidity in the financing of cohesion policy projects, Council regulation (EC) No 1083/2006 has been amended. Member states which suffer or are threatened by serious difficulty with respect to their financial stability will from now on have the possibility of creating risk sharing instruments or similar organs to facilitate private investment. In order to enable the implementation of these new arrangements, the establishment of three new lines for the risk sharing instruments has been proposed.
Lastly, the draft amending budget provides for the creation of a token entry (p.m.) on the budget line for the preparatory action EuroGlobe. (LC/transl.fl)