Amending letter No 1/2018

This Amending Letter No 1 to the draft budget for the year 2018 (AL 1/2018) covers the following:

• The updating of the estimated needs, assigned revenue and appropriations for agricultural expenditure. In addition to changing market factors, AL 1/2018 also incorporates the impact of decisions in the agricultural sector since the DB 2018 was presented in May 2017, as well as other proposals expected to have a significant effect during the budget year. Overall, the impact on the European Agriculture and Guarantee Fund (EAGF) is relatively limited with a decrease of commitment and payment appropriations by EUR 53,9 million.
• The decrease of the appropriations entered in reserve for the European Union Solidarity Fund (EUSF) to take account of the frontloading recently decided by the European Parliament and the Council in the EUSF mobilisation decision for Italy following series of earthquakes that took place between August 2016 and January 2017 in the regions of Abruzzo, Lazio, Marche and Umbria.
• The updating of the levels of appropriations and establishment plans of the European Securities and Markets Authority (ESMA) further to the latest proposal tabled by the Commission.
• The adjustment of the establishment plan of the European foundation for the improvement of living and working conditions (EUROFOUND).
• The creation of the budget structure for the operating costs that the Education, Audiovisual and Culture Executive Agency (EACEA) will incur in implementing the proposed European Solidarity Corps.
• The adjustment of some administrative expenditure.