Amending budget No 5/2014

Commission's proposal:

• Draft Amending Budget 6/2014, COM(2014) 649 – 17 October 2014,
• Amending Letter to DAB 6/2014, COM(2014) 730 – 4 December 2014

Council's position: 12 December 2014

Parliament's position: 17 December 2014

Draft Amending Budget (AB) No 5 for the year 2014 concerns the following:

• An increase of the forecast of Traditional Own Resources (customs duties) amounting to EUR 420 million.
• The annual adjustment of balances based on VAT for the previous financial years amounting to EUR -80,7 million; and
• The annual adjustment of balances based on gross national income/product for the previous financial years amounting to EUR 4 176,1 million.

The overall impact in terms of revenue, is a decrease in the requirements for Own Resources of EUR 4 515,4 million. In addition, the distribution by Member State is adjusted.