Amending budget No 6/2018

Commission's proposal: Draft Amending Budget 6/2018, COM(2018) 704 – 12 October 2018
Council's position: 26 November 2018
Parliament's position: 12 December 2018

The purpose of Amending Budget (AB) No 6 for the year 2018 is to update both the expenditure and the revenue sides of the budget to take account of the latest developments:

• on the expenditure side, to release commitment and payment appropriations of budget lines for headings 1a "Competitiveness for growth and jobs" and 2 "Sustainable growth – natural resources";
• on the revenue side, to revise the forecast of Traditional Own Resources (i.e. customs duties and sugar sector levies), value-added tax (VAT) and gross national income (GNI) bases, and to budget the relevant UK corrections and their financing, which all affect the distribution of own resources contributions from Member States to the EU budget.