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European Commission

MEMO

Brussels, 24 October 2013

European Commission welcomes European Parliament's approval of a cash injection of €2.7bn into EU budget

EU Budget Commissioner Janusz Lewandowski welcomes today's vote by the European Parliament on draft amending budget 6 (€2.7 billion to compensate for lower than expected customs duties as a source of revenue to the EU budget).

"We have avoided the risk of the EU ceasing payments to legitimate beneficiaries of EU funds, at least for the time being. It is an on-going battle to correct years of under budgeting and to avoid serious damage to tens of thousands of regions, towns, scientists, businesses, students and NGOs across Europe.

The postponement of the vote on a separate request for a top up to budget 2013 (draft amending budget 8) meant we would not have been able to mobilise the necessary additional resources before January 2014. Therefore, yes we needed this €2.7bn in revenue and we needed it now. We needed it in order to reimburse claims emanating from those beneficiaries of EU funds, in order to avoid creating financial problems to them. They rightly enough expect the EU to honour its commitments to contribute to infrastructure, business or research projects launched years ago.

The European Parliament and the Member States have been aware of this situation for a long time. I have repeatedly underlined that the EU would have to cease paying its bills linked to cohesion policy and rural development from November on unless a top up was agreed to. The same way I have warned both the European Parliament and Member States for years now that we cannot go on like this with heads of states and governments asking the EU to embrace more and more competencies while their finance ministers constantly cut the EU budget.

We are now on safer ground, but only for a few weeks. We absolutely need the adoption of draft amending budget 8 for €3.9bn in November to cover all our legal obligations towards beneficiaries of EU funds, and to finalise the agreement on the next financial period (MFF 2014-2020)."

Making sense of the "DAB6, DAB8, MFF" recent events.


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