Explanatory Memorandum to COM(2015)160 - Amending budget N° 3 to the budget 2015 entering the surplus of the financial year 2014

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dossier COM(2015)160 - Amending budget N° 3 to the budget 2015 entering the surplus of the financial year 2014.
source COM(2015)160 EN
date 15-04-2015
The present Draft Amending Budget (DAB) No 3/2015 is intended to budget the surplus resulting from the implementation of the budget year 2014. As provided for in the Financial Regulation applicable to the general budget of the Union[5], under Article 18 § 3, it is the only subject of this DAB and it has to be submitted within 15 days following the submission of the provisional accounts, which took place at end March 2015.

1. The implementation of the budget year 2014 shows a surplus of EUR 1 434 557 707.74 (excluding contributions from European Free Trade Association (EFTA) and European Economic Area (EEA)), which is therefore entered as revenue in the 2015 budget.

The surplus results from the sum of the elements listed in the table below:

EFTA-EEA| European Union| Total

Revenue for the financial year| 286 014 835.| 143 654 102 885.| 143 940 117 720.62

Payments against current year appropriations| -283 929 629.| -140 908 934 464.| -141 192 864 094.11

Payment appropriations carried over to year N+| -5 526 599.| -1 781 565 358.| -1 787 091 957.42

Cancellation of unused appropriations carried over from year N-| 675 067.| 24 552 393.| 25 227 460.62

Difference between assigned revenue carried over from years N-1 to N and N to N+|| 336 471 746.| 336 471 746.88

Exchange differences for the year|| 109 930 505.| 109 930 505.17

Budget outturn -2 766 325.| 1 434 557 707.| 1 431 791 381.76

2. The budgeting of the surplus will diminish accordingly the global contribution of the Member States to the financing of the 2015 EU Budget. This global decrease by Member State will also be influenced by the updated own resources forecast (Traditional Own Resources (TOR), Value Added Tax (VAT) and Gross National Income (GNI)) including the updated amount of the UK correction which will be available after the Advisory Committee on Own Resources (ACOR) meeting in May 2015.

3. The table below presents a breakdown of the European Union outturn for 2014 in terms of budget implementation (revenue and expenditure, for all Institutions):

(in million EUR)

Outturn breakdown 2014

Sub-total outturn on income| 1 183

Outturn on income (differences between revenue collected and budgeted), of which:|

—| Title 1 (own resources)| 479

—| Title 3 (surpluses, balances and adjustments)| -1

—| Title 7 (interest on late payments and fines)| 634

—| Other Titles| 72

Sub-total outturn on expenditure| 142

Outturn on expenditure, of which:|

—| Under-implementation of appropriations authorised in 2014 budget: Commission| 29

—| Under-implementation of appropriations carried over from 2013: Commission| 6

—| Un-mobilised reserves in 0

—| Under-implementation of appropriations authorised in 2014 budget and appropriations carried over from 2013: administration heading 5 (other Institutions)| 101

Sub-total exchange rate differences| 110

Total outturn 1 435

[1]               OJ L 298, 26.10.2012, p. 1.

[2]               OJ L 69, 13.3.2015, p. 1.

[3]               COM(2015) 11 final of 13.1.2015.

[4]               COM(2015) 16 final of 20.1.2015.

[5]               OJ L 298, 26.10.2012, p. 1.