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EU Budget Surplus Allocation 2014

Summary

The European Parliament proposes using the 2013 budget surplus of approximately €1 billion to create a reserve for payment needs instead of reducing Member States' direct contributions.
10 22.10.2014
Other
budget
european union
public finance and budget policy

Key points

In force from 01/01/2014 Out of force from 31/12/2014
  • The EU identified a budget surplus of approximately one billion euros from the previous financial year.
  • This surplus is composed of increased income from fines and interest, alongside lower-than-expected spending.
  • The Council's position is to use these funds to decrease the direct financial contributions required from Member States.
  • The Parliament proposes creating a new reserve line to cover upcoming payment needs instead of reducing contributions.
Documents (PDFs)
REPORT on the Council position on Draft amending budget No 2/2014 of the European Union for the financial year 2014, Section III – Commission Draft amending budget No 2/2014 – surplus resulting from the implementation of the budget year 2013
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