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EU 2014 Budget Amendment: Revenue Revisions and Fine Allocations

Summary

This report concerns the approval of a draft amending budget for 2014 to adjust revenue forecasts and incorporate collected fines. It aims to prevent cash shortages and reallocate unused funds from data protection to humanitarian aid.
10 17.03.2015
Other
budget
economy
european union
public finance and budget policy

Key points

  • Revision of revenue forecasts for customs duties, sugar levies, and VAT.
  • Compensation of revenue drops through collected fines and interest totaling over 2.4 billion euros.
  • Reduction in the required GNI contributions from Member States by approximately 1.6 billion euros.
  • Budget reduction for the European Data Protection Supervisor due to delays in appointments.
Documents (PDFs)
REPORT on the Council position on Draft amending budget No 4/2014 of the European Union for the financial year 2014, Section III – Commission Draft amending budget No 4/2014: Traditional own resources (TOR), VAT and Gross National Income (GNI) bases
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