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Integration of 2013 EU Budget Surplus into 2014 Budget

Summary

The report details a plan to move a 1,005 million euro surplus from the 2013 financial year into the 2014 EU budget, which will reduce the amount Member States need to contribute.
10 17.03.2015
Other
budget
european union
public finance and budget policy

Key points

  • The European Parliament is reviewing the integration of a 1,005 million euro surplus from 2013 into the 2014 budget.
  • The surplus was largely driven by an increase in income from fines and interest on late payments, totaling 1,331 million euros.
  • Under-spending in previous years contributed to the surplus, though this was due to a shortage of available payment funds rather than a lack of capacity to use them.
  • The adoption of this budget will reduce the GNI contributions required from EU Member States by 1,005 million euros.
Documents (PDFs)
REPORT on the Council position on Draft amending budget No 8/2014 of the European Union for the financial year 2014, Section III – Commission Draft amending budget No 8/2014: Surplus resulting from the implementation of the budget year 2013
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