Amending budget No 1/2014

Commission's proposal: Draft Amending Budget 1/2014, COM(2014) 78 – 11 February 2014
Council's position – 9 April 2014
Parliament's position – 16 April 2014

Amending Budget (AB) No 1 for the year 2014 concerns a number of technical adjustments to the budget structure and remarks, which are necessary to properly implement the 2014 budget in line with the latest legislative decisions and political orientations, including the immediate need to facilitate SMEs access to financing. The amending budget is budgetary neutral, with no change in the overall level of expenditure. The main elements included are the following:

• The adjustments needed to implement the proposed European Investment Fund (EIF) capital increase;
• Changes arising from the legal base for Horizon 2020 adopted in December 2013, after the adoption of the 2014 budget;
• The creation of the budget structure for the proposed Shift2Rail joint undertaking.