EN

Brussels, 15.6.2010

COM(2010)319 final

COMMUNICATION FROM THE COMMISSION TO THE COUNCIL AND THE EUROPEAN PARLIAMENT

Financial information on the European Development Funds

COMMUNICATION FROM THE COMMISSION TO THE COUNCIL AND THE EUROPEAN PARLIAMENT

Financial information on the European Development Funds

Foreword

This document is to be annexed to the draft budget for 2011, in accordance with the 1979 agreements on budgetary procedure.

In accordance with Article 7 of the Internal Agreement [1] and Article 57(3) and (4) of the Financial Regulation [2], the Commission presents in this document estimates of commitments, payments and contributions for the period 2010 to 2011, taking into account the forecasts of the European Investment Bank (EIB) concerning the Investment Facility.

As in previous years, this document sets out:

– implementation of the EDFs (8th to 10th) at 31.12.2009;

– financial implementation forecasts for the current year;

– expenditure forecasts for 2011.

The Member States contribute funds directly to the European Investment Bank for the instruments which it manages under the 9th and 10th EDFs (the Investment Facility and interest-rate subsidies). Contributions for other instruments, including contributions for the old instruments managed by the EIB (risk capital and interest-rate subsidies), go to the Commission.

Unless otherwise indicated, all the commitments and payments listed in this communication are gross amounts, i.e. no decommitments or recoveries have been deducted. This approach is in line with that used for the general budget of the EU.

Introduction

The Commission and the EIB have updated their commitment and payment forecasts for 2010 and 2011 for each of the ACP countries [3] and the OCTs [4]. The payment forecasts in particular have been compiled with great care with the aim of helping the Member States to assess as accurately as possible the amounts they need to earmark in their national budgets while ensuring that sufficient financial resources are available for the EDF to avoid liquidity problems.

In accordance with Article 7 of the Internal Agreement on the 10th EDF [5] and Article 57(5) of the Financial Regulation [6], estimates will be revised in the October 2010 communication.

The graph below shows the general trend in commitments and payments, including projections for 2010 (Commission and EIB). It clearly shows the structural upward trend in payments since 2000.

EC + EIB: trend 1997-2009 commitments and payments; forecasts 2010 - 2011

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1. Implementation of the European Development Funds at 31 December 2009 (commitments, payments and financial situation)

Annex 1 shows actual commitments made in 2009 compared with the forecasts made in October 2009 [7].

Annex 2 shows actual payments made in 2009 compared with the forecasts made in October 2009 [8].

Annex 3 shows the financial situation recorded in 2009 and the projections made for 2010 and 2011.

2. Financial implementation forecasts for 2010 and 2011

The new forecasts are set out in Annexes 1 to 3.

The new forecasts for the 2010 contributions confirm the Commission's needs at EUR 3 500 million and the EIB's at EUR 240 million. Note that these amounts are the same as those decided by the Council in November 2009 [9].

Contributions for 2011 are forecast at EUR 3 690 million for the Commission and EUR 210 million for the EIB [10]. The ceiling for the amount of contributions for 2011 is the result of a compromise proposal between the Member States and the Commission and the EIB.

It should be stressed that these figures are just a preliminary forecast and must be treated with caution. The Commission and the EIB will make more reliable forecasts after the summer. They will be presented in the October communication.

Annex 1

Commitments made in 2009 and forecast 2010 and 2011 |

m€

(...PICT...)

* Includes certain support expenditures, e.g. to support joint institutions and the ACP Secretariat.

Annex 2

Payments made in 2009 and forecasts for 2010 and 2011

m€

(...PICT...)

*Including interest rates subsidies under the previous EDFs and excluding 21m€ payments made by EIB at the end of 2009 and not yet registered in the Commission's accounting system (0).

Annex 3 : Financial situation end 2009 and forecast for 2010 and 2011 (m€)

(...PICT...)

* COM(2009) 616 final dated 04.11.2009

** Funds available for operations.

***Including interest rates subsidies under the previous EDFs and excluding 21m€ payments made by EIB at the end of 2009 and not yet registered in the Commission's accounting system (0).

Annex 4

Contributions to the EDF for 2010 by Member State

in €

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[1] Internal Agreement between the Representatives of the Governments of the Member States, meeting within the Council, on the financing of Community aid under the multiannual financial framework for the period 2008 to 2013 in accordance with the ACP-EC Partnership Agreement and on the allocation of financial assistance for the Overseas Countries and Territories to which Part Four of the EC Treaty applies, OJ L 247, 9.9.2006, p. 32.

[2] Council Regulation (EC) No 215/2008 of 18 February 2008 on the Financial Regulation applicable to the 10th European Development Fund.

[3] African, Caribbean and Pacific States.

[4] Overseas countries and territories.

[5] OJ L 247, 9.9.2006, p. 32.

[6] Council Regulation (EC) No 215/2008 of 18 February 2008 on the Financial Regulation applicable to the 10th European Development Fund

[7] COM(2009) 616 final of 04.11.2009.

[8] COM(2009) 616 final of 04.11.2009.

[9] Council decision of 06 November 2009 on the financial contributions to be paid by the Member States to finance the European Development Fund in 2010, including the first instalment for 2010 –doc 15445/09.

[10] Council decision of 27 November 2009 on the ceiling for the annual amount of the contributions to be paid by the Member States to finance the European Development Fund in 2011 – doc 16421/09.

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