EUROPEAN COMMISSION Brussels, 6.7.2020 COM(2020) 424 final DRAFT AMENDING BUDGET No 7

TO THE GENERAL BUDGET 2020



Update of revenue (own resources)



Having regard to: –the Treaty on the Functioning of the European Union, and in particular Article 314 thereof, in conjunction with the Treaty establishing the European Atomic Energy Community, and in particular Article 106a thereof, –Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union (…), and in particular Article 44 thereof, –the general budget of the European Union for the financial year 2020, as adopted on 27 November 2019, –amending budget No°1/2020, adopted on 17 April 2020, –amending budget No°2/2020, adopted on 17 April 2020, –amending budget No°3/2020, adopted on 17 June 2020, –amending budget No°4/2020, adopted on 17 June 2020, –draft amending budget No°5/2020, adopted on 3 June 2020, –draft amending budget No 6/2020, adopted on 3 June 2020, The European Commission hereby presents to the European Parliament and to the Council Draft Amending Budget No°7/2020 to the 2020 budget. CHANGES TO THE STATEMENT OF REVENUE AND EXPENDITURE BY SECTION The changes to the general statement of revenue and in section III are available on EUR-Lex ( https://eur-lex.europa.eu/budget/www/index-en.htm ). TABLE OF CONTENTS 1. Introduction 2. Update of revenue 2.1 Overall impact of DAB 7/2020 on the distribution of total own resources payments between Member States

2.2 Revision of the forecast of TOR, VAT and GNI bases 2.3 2015, 2016, 2017, 2018 and 2019 UK correction 2.3.1 Introduction 2.3.2 Calculation of the corrections 2.3.3 Entry in DAB 7/2020 of the 1st update of the 2019 UK correction, 2nd update of the 2018 UK correction, 3rd update of the 2017 UK correction, definitive amounts of the 2016 ans 2015 UK corrections 2.4 Exchange rate differences in own resources 2.5 Fines and penalty payments EXPLANATORY MEMORANDUM 1.Introduction The purpose of Draft Amending Budget (DAB) No 7 for the year 2020 is to update the revenue side of the budget to take account of the latest developments: –to revise the forecast of Traditional Own Resources (i.e. customs duties), 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. –to update other revenue such as fines and exchange rate differences. 2. Update of revenue 2.1 Overall impact of DAB 7/2020 on the distribution of total own resources payments between Member States Following the 178th meeting of the Advisory Committee on Own Resources (ACOR), which was held by written procedure from 19-25 May 2020, two types of adjustments of the revenue side of the budget are required: –an update of the estimates for Traditional Own Resources (TOR) as well as for the own resources based on the Value Added Tax (VAT) and Gross National Income (GNI) to take account of more recent economic forecasts, and –an update of the UK correction. These adjustments are presented in sections 2.2 and 2.3 below. Moreover, the other revenue are updated to take into account finally cashed fines and penalty payments until June 2020 and also the negative exchange rate differences (see sections 2.5 and 2.4 below).

The overall impact of all the revenue adjustments of this DAB is shown in the summary table below. This table also shows the distribution of total own resources payments between Member States: as budgeted in the 2020 budget, as amended in Draft Amending Budget N°6 (DAB 6/2020), and finally in the present DAB.



Distribution of total own resources payments by Member States (in million EUR) Budget 2020 DAB 6/2020 DAB 7/2020 (1) (2) (3) BE 6 313,9 6 499,9 6 332,3 BG 641,7 665,6 659,8 CZ 2 135,7 2 218,8 2 290,7 DK 2 904,5 3 029,7 3 118,1 DE 31 032,1 32 448,8 32 955,7 EE 277,4 288,2 302,2 IE 2 599,7 2 706,9 2 652,8 EL 1 825,0 1 901,0 1 905,6 ES 12 649,7 13 149,6 12 577,5 FR 23 283,6 24 261,5 24 654,5 HR 515,6 536,8 531,2 IT 17 239,5 17 946,0 17 751,0 CY 216,0 224,5 226,6 LV 318,9 331,5 319,3 LT 512,4 531,0 525,5 LU 397,7 414,8 452,3 HU 1 429,0 1 484,4 1 498,4 MT 128,9 134,0 131,4 NL 8 025,0 8 344,8 8 249,6 AT 3 536,8 3 696,0 3 789,0 PL 5 450,1 5 656,5 5 782,5 PT 2 011,6 2 092,8 2 171,8 RO 2 057,1 2 144,4 2 240,4 SI 522,1 541,7 526,5 SK 926,7 965,2 937,7 FI 2 245,5 2 341,3 2 421,9 SE 3 903,6 4 091,9 4 313,3 UK 18 537,9 18 359,7 17 972,3 EU 151 637,8 157 007,3 157 289,9



2.2 Revision of the forecast of TOR, VAT and GNI bases According to established practice, the Commission proposes to revise the financing of the budget on the basis of more recent economic forecasts, agreed with the Member States in the ACOR forecast procedure. The revision concerns the forecast of TOR to be paid to the budget in 2020 as well as the forecast of the 2020 VAT and GNI bases. The forecast in the 2020 Budget was established at the 175th ACOR meeting on 24 May 2019. The revision in the present DAB takes into account the agreed forecasts of the 178th ACOR meeting held by written procedure from 19-25 May 2020. The use of an updated forecast of own resources improves the accuracy of the revenue forecasts and hence of the payments that Member States are asked to make to the EU budget during the budgetary year. The ACOR projections of VAT and GNI bases are usually determined as a compromise between the Commission’s forecast and the Member State’s forecasts. However, this year all Member States accepted the Commission’s proposal to use its own forecasts for the VAT and GNI bases for 2020 to ensure equal treatment across Member States. The Commission spring 2020 economic forecast provides a horizontally consistent approach, based on a consistent set of data, methodology and assumptions for all Member States, which appears particularly important in the exceptional situation of the Covid-19 pandemic. The pandemic has drastically changed the outlook for the European economy. The Commission spring 2020 forecast expects the EU economy to contract by a record 7.5 % this year, followed by a rebound of 6.1 % in 2021 – not enough to fully make up for this year’s loss. At the end of the forecast horizon, the EU economy would be about 3 % lower than the output level projected by the autumn forecast 2019. The pandemic will affect all demand components except government consumption and public investment, which play a stabilising role. International trade is expected to collapse unprecedentedly and the rebound next year to remain limited due to disruptions in global value chains. The worsening economic situation is reflected in the own resources forecast for 2020. Therefore, as compared to the forecast agreed in May 2019, the forecast for 2020 has been revised as follows: –Total 2020 net customs duties are now forecast at EUR 18 507,3 million (after deduction of 20 % collection costs), which represents a decrease of 16,47 % relative to the forecast of EUR 22 156,9 million included in the Budget 2020. The Commission compared the results of the traditional ACOR forecasting method (based on the Commission Spring 2020 economic forecast) with the results of the extrapolation method based on the latest outturn data for collected customs duties (January – April 2020). As in the past years, it was agreed to apply a conservative approach ensuring sound budget management in a context of high economic uncertainties and potential disruptions in trade patterns. The traditional forecast method, which takes into account possible effects of the pandemic on trade, provides the lowest TOR revenue. Therefore, it was agreed to use it for the revision of the 2020 TOR forecast. –The total 2020 EU uncapped VAT base is now forecast at EUR 6 764 185,3 million, which represents a decrease of 8,30 % compared to the May 2019 forecast of EUR 7 376 556,2 million. The total 2020 EU capped VAT base is forecast at EUR 6 727 739,2 million, which represents a decrease of 8,43 % compared to the May 2019 forecast of EUR 7 347 133,9 million. –The total 2020 EU GNI base is forecast at EUR 15 480 146,9 million, which is a decrease of 8,88 % compared to the May 2019 forecast of EUR 16 988 025,0 million. The exchange rates of 31 December 2019 have been used for converting the forecast VAT and GNI bases in national currency into euro (for the nine Member States that are not members of the euro area). This avoids distortions, since this rate is used to convert budgeted own resources payments from euro into national currency when the amounts are called in (as stipulated in Article 10a(1) of Council Regulation No 609/2014). The revised forecasts of TOR, uncapped VAT bases and GNI bases for 2020, as adopted at the 178th ACOR meeting held by written procedure from 19-25 May 2020, are set out in the following table: Revised forecasts of TOR, VAT and GNI bases for 2020 (in million EUR) Customs

(80%) Uncapped VAT bases GNI bases Capped

VAT bases BE 1 855,2 189 777,7 449 226,0 189 777,7 BG 77,0 27 165,8 56 874,4 27 165,8 CZ 257,6 92 345,4 201 610,8 92 345,4 DK 316,9 113 403,4 299 768,7 113 403,4 DE 3 682,9 1 379 190,9 3 354 899,6 1 379 190,9 EE 36,4 12 711,1 26 004,9 12 711,1 IE 239,8 91 612,0 244 502,7 91 612,0 EL 227,1 68 974,4 170 317,2 68 974,4 ES 1 145,6 525 701,4 1 139 453,3 525 701,4 FR 1 492,9 1 043 797,5 2 310 950,4 1 043 797,5 HR 29,5 33 212,2 49 035,0 24 517,5 IT 1 548,8 655 487,7 1 640 896,9 655 487,7 CY 25,0 15 360,0 19 667,9 9 834,0 LV 36,4 12 075,5 28 582,7 12 075,5 LT 90,5 18 210,5 43 691,8 18 210,5 LU 17,7 30 401,6 42 714,0 21 357,0 HU 164,9 57 027,0 133 530,3 57 027,0 MT 13,4 9 182,8 11 568,7 5 784,4 NL 2 461,7 309 010,0 752 515,8 309 010,0 AT 188,0 173 737,6 379 655,5 173 737,6 PL 734,9 254 114,4 497 588,8 248 794,4 PT 179,8 102 255,7 195 586,8 97 793,4 RO 164,9 81 445,0 210 407,0 81 445,0 SI 71,0 21 884,8 45 058,8 21 884,8 SK 74,1 34 104,4 87 990,5 34 104,4 FI 136,7 101 842,5 228 223,7 101 842,5 SE 436,1 204 408,8 466 486,2 204 408,8 UK 2 802,5 1 105 745,2 2 393 338,5 1 105 745,2 EU 28 18 507,3 6 764 185,3 15 480 146,9 6 727 739,2 2.3 2015, 2016, 2017, 2018 and 2019 UK correction

2.3.1 Introduction The correction of budgetary imbalances in favour of the United Kingdom (UK correction), to be budgeted in the present DAB, concerns years: 2015, 2016, 2017, 2018 and 2019. The 2015, 2016, 2017, 2018 and 2019 UK corrections are subject to the rules of Council Decision 2014/335/EU, Euratom on the system of own resources of the European Union and its accompanying working document, the 2014 Calculation Method . Pursuant to the rules of this Decision, the net TOR “windfall gains” of the UK resulting from the increase since 2001 in the percentage of TOR retained by Member States as a compensation for their collection costs are neutralised and the allocated expenditure is adjusted by the total allocated expenditure in Member States that have acceded to the EU after 30 April 2004, except for agricultural direct payments and market-related expenditure as well as the part of the rural development expenditure originating from the EAGGF, Guarantee section. Furthermore, the share of Austria, Germany, the Netherlands and Sweden in the financing of the UK correction is reduced to one fourth of their normal share. The reduction is financed by the other Member States, excluding the UK. In the present DAB, the calculation and financing of the 1st update of the 2019 UK correction, 2nd update of the 2018 UK correction, 3rd update of the 2017 UK correction and the definitive amounts of the 2015 and 2016 UK corrections are entered. The difference between the definitive amount of the 2015 and 2016 UK correction and the amounts previously budgeted (the 1st update of 2015 UK correction entered in AB 5/2016 and 1st update of 2016 UK correction entered in AB 6/2017) is entered in chapter 35 (Result of the definitive calculation of the financing of the correction of budgetary imbalances for the United Kingdom) of the present DAB. The difference between the 3rd update of the 2017 UK correction and the amount previously budgeted (the 1st update entered in AB 6/2018) and the difference between the 2nd update of the 2018 UK correction and the amount previously budgeted (the provisional amount entered in Budget 2019) are entered in chapter 36 of the present DAB. The 1st update amount of the 2019 UK correction is entered in chapter 15 (Correction of budgetary imbalances) of the present DAB, replacing the previously budgeted provisional amount. 2.3.2 Calculation of the corrections The update of the corrections for 2015, 2016, 2017, 2018 and 2019 stems mainly from the update of the VAT and GNI bases as communicated by Member States in autumn 2019. In addition the update of the correction for 2018 and 2019 also takes into account the allocated expenditure of 2018 and 2019 respectively. The following table summarises the updates of the 2015-2019 corrections included in this draft amending budget. 2.3.2.1 2019 UK correction The following table summarises the changes between the provisional amount of the 2019 UK correction entered in the Budget 2020 and the 1st update of the 2019 UK correction to be entered in the present DAB. 2019 UK correction 2019 UK correction PROVISIONAL Budget 2020 2019 UK correction 1st UPDATE DAB 7/2020 Difference (1) (2) (2)-(1) (1) UK share of uncapped VAT base 16,3037% 16,0617% - 0,2420% (2) UK share of enlargement-adjusted total allocated expenditure 7,3015% 7,6186% + 0,3171% (3) = (1) - (2) 9,0022% 8,4431% - 0,5591% (4) Total allocated expenditure 130 008 765 143 133 761 974 693 + 3.753.209.550 (5) Enlargement-related expenditure

= (5a) + (5b) 30 694 725 929 33 495 190 550 + 2.800.464.621 (5a) Pre-accession expenditure 0 0 0 (5b) Expenditure related to Art 4(1)(g) 30 694 725 929 33 495 190 550 + 2.800.464.621 (6) Enlargement-adjusted total allocated expenditure = (4) - (5) 99 314 039 214 100 266 784 143 + 952.744.929 (7) UK correction original amount = (3) x (6) x 0.66 5 900 699 546 5 587 332 443 - 313.367.103 (8) UK advantage 690 825 371 459 372 003 - 231.453.368 (9) Core UK correction = (7) - (8) 5 209 874 175 5 127 960 440 - 81.913.735 (10) TOR windfall gains - 44 494 806 - 42 372 235 + 2.122.571 (11) UK correction = (9) - (10) 5 254 368 981 5 170 332 675 - 84.036.306 The 1st update of the 2019 UK correction is around EUR 84 million lower as compared to the provisional amount of the 2019 UK correction entered in the Budget 2020 due to the updates of the VAT and GNI bases as agreed by Member States in ACOR forecast written procedure (May, 2020) and the update of the allocated expenditure for 2019 (the provisional amount included the forecast of the allocated expenditure). 2.3.2.2 2018 UK correction The following table summarises the changes between the provisional amount of the 2018 UK correction entered in Budget 2019 and the 2nd update of the 2018 UK correction to be entered in the present DAB.

2018 UK correction 2018 UK correction PROVISIONAL Budget 2019 2018 UK correction 2nd UPDATE DAB 7/2020 Difference (1) (2) (2)-(1) (1) UK share of uncapped VAT base 16,1945% 16,0805% - 0,1141% (2) UK share of enlargement-adjusted total allocated expenditure 7,3577% 6,7158% - 0,6419% (3) = (1) - (2) 8,8368% 9,3646% + 0,5278% (4) Total allocated expenditure 127 599 039 596 129 720 353 887 + 2.121.314.291 (5) Enlargement-related expenditure

= (5a) + (5b) 27 076 886 462 31 051 543 542 + 3.974.657.080 (5a) Pre-accession expenditure 0 0 0 (5b) Expenditure related to Art 4(1)(g) 27 076 886 462 31 051 543 542 + 3.974.657.080 (6) Enlargement-adjusted total allocated expenditure = (4) - (5) 100 522 153 134 98 668 810 345 - 1.853.342.788 (7) UK correction original amount = (3) x (6) x 0.66 5 862 761 188 6 098 379 860 + 235.618.672 (8) UK advantage 854 326 562 620 706 683 - 233.619.879 (9) Core UK correction = (7) - (8) 5 008 434 626 5 477 673 177 + 469.238.550 (10) TOR windfall gains - 15 094 049 - 38 961 662 - 23.867.613 (11) UK correction = (9) - (10) 5 023 528 676 5 516 634 839 + 493.106.163 The 2nd update of the 2018 UK correction is EUR 493 million higher as compared to the provisional amount of the 2018 UK correction entered in Budget 2019 due to the updates of the VAT and GNI bases as communicated by Member States in autumn 2019 and the update of the allocated expenditure for 2018 (the provisional amount included the forecast of the allocated expenditure).



3.3.2.3 2017 UK correction The following table summarises the changes between the 1st update of the 2017 UK correction entered in AB 6/2018 and the 3rd update of of the 2017 UK correction to be entered in the present DAB. 2017 UK correction 2017 UK correction

1st UPDATE

AB 6/2018 2017 UK correction

3rd UPDATE

DAB 7/2020 Difference (1) UK share of uncapped VAT base 16,2266% 15,9063% - 0,3203% (2) UK share of enlargement-adjusted total allocated expenditure 7,0114% 6,9862% - 0,0252% (3) = (1) - (2) 9,2152% 8,9201% - 0,2951% (4) Total allocated expenditure 110 827 970 366 110 891 011 881 + 63.041.515 (5) Enlargement-related expenditure

= (5a) + (5b) 20 962 713 989 20 917 337 083 - 45.376.906 (5a) Pre-accession expenditure 0 0 0 (5b) Expenditure related to Art 4(1)(g) 20 962 713 989 20 917 337 083 - 45.376.906 (6) Enlargement-adjusted total allocated expenditure = (4) - (5) 89 865 256 377 89 973 674 798 + 108.418.421 (7) UK correction original amount = (3) x (6) x 0.66 5 465 655 078 5 297 002 140 - 168.652.938 (8) UK advantage 548 929 008 147 663 777 - 401.265.231 (9) Core UK correction = (7) - (8) 4 916 726 069 5 149 338 362 + 232.612.293 (10) TOR windfall gains - 17 211 574 - 9 019 736 + 8.191.838 (11) UK correction = (9) - (10) 4 933 937 643 5 158 358 098 + 224.420.455 The 3rd update of the 2017 UK correction is around EUR 224 million higher than the 1st update of the 2017 UK correction entered in AB 6/2018 due to the updates of the VAT and GNI bases as communicated by Member States in autumn 2019. 2.3.2.4 2016 UK correction The following table summarises the changes between the 1st update of the 2016 UK correction entered in the Amending Budget 6/2017 and the definitive amount of the 2016 UK correction to be entered in the present DAB. 2016 UK correction 2016 UK correction

1st UPDATE

AB 6/2017 2016 UK correction

DEFINITIVE

DAB 7/2020 Difference (1) (2) (2)-(1) (1) UK share of uncapped VAT base 17,5900% 17,3576% - 0,2324% (2) UK share of enlargement-adjusted total allocated expenditure 7,6814% 7,6922% + 0,0108% (3) = (1) - (2) 9,9086% 9,6654% - 0,2431% (4) Total allocated expenditure 117 477 286 403 117 460 512 555 - 16.773.848 (5) Enlargement-related expenditure

= (5a) + (5b) 25 506 896 869 25 403 051 464 - 103.845.405 (5a) Pre-accession expenditure 0 0 0 (5b) Expenditure related to Art 4(1)(g) 25 506 896 869 25 403 051 464 - 103.845.405 (6) Enlargement-adjusted total allocated expenditure = (4) - (5) 91 970 389 534 92 057 461 091 + 87.071.558 (7) UK correction original amount = (3) x (6) x 0.66 6 014 542 348 5 872 505 812 - 142.036.536 (8) UK advantage 1 128 635 343 851 694 541 - 276.940.802 (9) Core UK correction = (7) - (8) 4 885 907 005 5 020 811 271 + 134.904.266 (10) TOR windfall gains - 46 683 873 - 40 846 944 + 5.836.929 (11) UK correction = (9) - (10) 4 932 590 878 5 061 658 216 + 129.067.338 The definitive amount of the 2016 UK correction is around EUR 129 million higher than the 1st update of the 2016 UK correction entered in the AB 6/2017 mainly due to the updates of the VAT and GNI bases as communicated by Member States in autumn 2019. 2.3.2.5 2015 UK correction The following table summarises the changes between the 1st update of the 2015 UK correction entered in the Amending Budget 5/2016 and the definitive amount of the 2015 UK correction to be entered in the present DAB. 2015 UK correction 2015 UK correction

1st UPDATE

AB 5/2016 2015 UK correction

DEFINITIVE

DAB 7/2020 Difference (1) (2) (2)-(1) (1) UK share of uncapped VAT base 19,2145% 19,1419% - 0,0726% (2) UK share of enlargement-adjusted total allocated expenditure 7,5910% 7,5894% - 0,0016% (3) = (1) - (2) 11,6235% 11,5525% - 0,0710% (4) Total allocated expenditure 129 194 773 448 129 135 893 336 - 58 880 112 (5) Enlargement-related expenditure

= (5a) + (5b) 31 733 179 803 31 639 878 296 - 93 301 507 (5a) Pre-accession expenditure 0 0 0 (5b) Expenditure related to Art 4(1)(g) 31 733 179 803 31 639 878 296 - 93 301 507 (6) Enlargement-adjusted total allocated expenditure = (4) - (5) 97 461 593 645 97 496 015 040 + 34 421 395 (7) UK correction original amount = (3) x (6) x 0.66 7 476 753 663 7 433 724 758 - 43 028 905 (8) UK advantage 1 496 521 393 1 381 345 015 - 115 176 378 (9) Core UK correction = (7) - (8) 5 980 232 270 6 052 379 743 + 72 147 473 (10) TOR windfall gains -76 109 576 -74 320 246 + 1 789 330 (11) UK correction = (9) - (10) 6 056 341 847 6 126 699 989 +70 358 142 The definitive amount of the 2015 UK correction is around EUR 70 million higher than the 1st update of the 2015 UK correction entered in the AB 5/2016 mainly due to the updates of the VAT and GNI bases as communicated by Member States in autumn 2018. 2.3.3 Entry in DAB 7/2020 of the 1st update of the 2019 UK correction, 2nd update of the 2018 UK correction, 3rd update of the 2017 UK correction, definitive amounts of the 2016 ans 2015 UK corrections 2.3.3.1 2015 UK correction (chapter 35) The amount of the UK correction to be budgeted in chapter 35 of the present DAB is the difference between the definitive amount of the 2015 UK correction (i.e. EUR 6 126 699 989) and the 1st update of the 2015 UK correction (i.e. EUR 6 056 341 847 entered in the AB 5/2016) amounting to EUR 70 358 142. This amount is to be financed along the revised 2015 GNI bases as known at the end of 2018. The budgeting of this amount in chapter 35 is summarised below:

2015 UK correction — Chapter 35 BE 1 267 154 LU 866 089 BG 3 148 896 HU 2 764 651 CZ 4 903 895 MT 310 080 DK 6 556 672 NL -260 138 DE 4 385 985 AT 1 362 429 EE 303 635 PL -9 542 201 IE 20 284 145 PT 476 355 EL 504 408 RO 1 609 226 ES 1 272 857 SI 123 083 FR 5 838 257 SK 1 555 233 HR 1 207 446 FI 4 733 265 IT 19 287 491 SE -2 400 255 CY 627 536 LV -619 579 UK - 70 358 142 LT -208 473 Total 0 2.3.3.2 2016 UK correction (chapter 35) The amount of the UK correction to be budgeted in chapter 35 of the present DAB is the difference between the definitive amount of the 2016 UK correction (i.e. EUR 5 061 658 216) and the 1st update of the 2016 UK correction (i.e. EUR 4 932 590 878 entered in the AB 6/2017) amounting to EUR 129 067 338. This amount is to be financed along the revised 2016 GNI bases as known at the end of 2019. The budgeting of this amount in chapter 35 is summarised below: 2016 UK correction — Chapter 35 BE 12 381 389 LU -272 563 BG 1 683 717 HU 2 362 157 CZ 6 602 363 MT 310 901 DK 3 769 035 NL 3 455 636 DE 5 007 499 AT 855 227 EE 892 527 PL 15 053 623 IE 3 060 816 PT 2 825 093 EL -239 791 RO 5 438 400 ES 4 704 411 SI 821 604 FR 26 115 146 SK 454 399 HR 1 550 836 FI 3 348 353 IT 26 775 334 SE 128 390 CY 893 340 LV 185 011 UK - 129.067.338 LT 904 487 Total 0 2.3.3.3 2017 UK correction (chapter 36) The amount of the UK correction to be budgeted in chapter 36 of the present DAB is the difference between the 3rd update of the 2017 UK correction (i.e. EUR 5 158 358 098) and the 1st update of the 2017 UK correction (i.e. EUR 4 933 937 643 entered in AB 6/2018) amounting to EUR 224 420 455. This amount is to be financed along the revised 2017 GNI bases as known at the end of 2019. The budgeting of this amount in chapter 36 is summarised below: 2017 UK correction — Chapter 36 BE 15 856 715 LU 374 066 BG 3 231 445 HU 3 692 230 CZ 3 814 138 MT 265 690 DK 10 232 027 NL 4 759 697 DE 12 286 393 AT 1 361 203 EE 1 271 298 PL 5 297 081 IE 5 263 528 PT 6 203 836 EL 4 209 140 RO 5 382 461 ES 23 937 729 SI 765 633 FR 58 977 709 SK 1 500 046 HR 1 777 843 FI 5 572 775 IT 45 010 069 SE 257 162 CY 752 318 LV 741 095 UK - 224 420 455 LT 1 627 128 Total 0 2.3.3.4 2018 UK correction (chapter 36) The amount of the UK correction to be budgeted in chapter 36 of the present DAB is the difference between the 2nd update of the 2018 UK correction (i.e. EUR 5 516 634 839) and the provisional amount of the 2018 UK correction (i.e. EUR 5 023 528 676 entered in Budget 2019) amounting to EUR 493 106 163. This amount is to be financed along the revised 2018 GNI bases as known at the end of 2019. The budgeting of this amount in chapter 36 is summarised below: 2018 UK correction — Chapter 36 BE 27 909 738 LU 3 459 527 BG 5 747 148 HU 9 060 360 CZ 12 780 811 MT 599 078 DK 17 414 841 NL 7 666 480 DE 26 899 549 AT 3 225 174 EE 2 324 061 PL 25 585 020 IE 13 878 796 PT 12 696 708 EL 7 355 826 RO 15 373 126 ES 58 628 464 SI 1 888 602 FR 132 102 159 SK 3 559 433 HR 3 326 099 FI 9 899 420 IT 80 506 049 SE 4 981 835 CY 1 290 517 LV 1 428 955 UK -493 106 163 LT 3 518 387 Total 0 2.3.3.5 2019 UK correction (chapter 15) The 1st update of the 2019 UK correction corresponds to EUR 5 170 332 675 and is EUR 84 036 306 lower than the amount entered in the Budget 2020 (EUR 5 254 368 981).