Summary
This resolution approves an amendment to the 2016 EU budget to implement a new decision on how the Union generates its own revenue. It adjusts individual contributions from Member States without changing the total amount of money available or spent by the EU. 10 28.02.2017
Other
finance
european union
public finance and budget policy
Key points
- Approval of the Council's position on Draft Amending Budget No 5/2016.
- Implementation of a new system for the European Union's own resources following its full ratification.
- Adjustments to individual Member State contributions, including changes to VAT-based and GNI-based resource rates.
- Retroactive application of these financial adjustments to the 2014, 2015, and 2016 financial years.
Documents (PDFs)
REPORT on the Council position on Draft amending budget No 5/2016 of the European Union for the financial year 2016: Implementation of the Own Resources Decision No 2014/335/EU further to the closing of the ratification process and its entry into force on 1 October 2016
Draft amending budget No 5/2016: Implementation of the Own Resources Decision
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