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Tuesday, 24 August 2010

Council adopts its position on the EU draft budget 2011

The Council adopted on 12th August the EU draft budget for the financial year 2011, approving targeted cuts in the Commission's proposal3 whilst ensuring appropriate funding for the priorities of the European Union, in particular economic recovery. The Council's position takes into account the current budgetary constraints of the member states and is in line with the budget guidelines for 2011 adopted by the Council on 16 March this year. It also leaves sufficient margins under the different headings of the financial framework in order to cope with unforeseen budgetary needs.
The EU as a global player
With regard to commitment appropriations, the Council agreed to:
• reduce the amounts in the DB by a total amount of EUR 93.74 million on a number of
specific budget lines, on the basis of past and current budget implementation and on
realistic absorption capacities;
• reduce the subsidies for decentralised agencies by EUR 0.9 million;
• leave a margin of EUR 164.07 million to cover at a later stage additional needs.
Concerning payment appropriations, the Council agreed to diminish the amounts in the DB
by a total of EUR 590.90 million, of which on the one hand EUR 387.90 million in a targeted
manner over a series of budget lines, on the basis of an analysis of the 2009 budget
implementation and the 2010 budget forecast alerts, and on the other hand not retaining the
amount proposed in the draft budget of EUR 203 million for the Emergency Aid Reserve.

 Source: Council of the European Union