Brussels, 21/10/2015 (Agence Europe) - On Monday 19 October, the European Commission adopted Draft Amending Budget number 8 for the 2015 tax year, foreseeing a €9.4 billion reduction in contributions based on gross national income (GNI).
When adopted, this legislation will allow member states' contributions to the EU budget for 2015 (assuming the draft amending budget is approved in October) or the 2016 budget (if the draft amending budget is enshrined in November or December) to be reduced by the same amount, €9.4 billion, which would result in a €2 billion cut for Germany, €1.5 billion for the United Kingdom, €1.5 billion for France and €1 billion for Italy.
The Draft Amending Budget concerns - a revision of the forecast of Traditional Own Resources (customs duties); - - the budgeting of the remainder of the 2014 VAT and GNI own resources balances; - the budgeting of the 2015 VAT and GNI own resources balances; - an update of the forecast for other revenue; and - a reduction of €123,474 in both commitment and payment appropriations in the budget of the European Data Protection Supervisor. The overall impact in terms of revenue is a decrease in the GNI-based contribution of €9.4 billion. (Original version in French by Lionel Changeur)