EU Council agrees additional funds for 2013 budget

EU Council agrees additional funds for 2013 budget

The Permanent Representatives Committee today agreed the Council’s position on a package of three draft amending budgets for 2013, on the basis of a proposal from the Lithuanian presidency.

By approving its position on the package the Council’s objective is to:

1. meet outstanding payment needs in the 2013 EU budget;

2. show solidarity with Germany, Austria and the Czech Republic, hit by extreme flooding in May and June this year, and with Romania which suffered from drought and forest fires in summer 2012;

3. revise the forecast of this year’s budget revenue (the so-called own resources).

 

The Council still needs to formally adopt its position. The draft amending budgets then need the approval of the European Parliament.

 

Source: http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/138993.pdf