Summary
The European Parliament approves an amendment to the 2018 EU budget to adjust spending and revenue forecasts, including reductions in specific growth-related sectors. 10 22.02.2019
Other
economy
finance
european union
public finance and budget policy
Key points
- The European Parliament has approved an update to the 2018 EU budget to reflect current spending and revenue forecasts.
- Spending is being reduced in the areas of competitiveness for growth and jobs, as well as sustainable growth and natural resources.
- The budget includes a reduction of approximately 48.7 million euros in future spending obligations and 44.7 million euros in actual cash payments.
- Revenue forecasts are being revised for customs duties, sugar levies, VAT, and gross national income to ensure fair contributions from Member States.
Documents (PDFs)
REPORT on the Council position on Draft amending budget No 6/2018 of the European Union for the financial year 2018: Reduction of payment and commitment appropriations in line with updated forecasts of expenditure and update of revenue (own resources)
Draft Amending Budget No 6/2018: Reduction of payment and commitment appropriations (own resources)
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