Council Regulation (EC) No 1248/2007 of 22 October 2007 repealing Regulation (EC) No 2040/2000 on budgetary discipline
Date: 2007-10-22
Institutions: Council of the European Union
Subjects: EAGGF Guarantee Section, EC Regulation, budgetary discipline (EU), repeal

26.10.2007

EN

Official Journal of the European Union

L 282/3

COUNCIL REGULATION (EC) No 1248/2007

of 22 October 2007

repealing Regulation (EC) No 2040/2000 on budgetary discipline

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty
establishing the European
Community, and in particular Articles 37, 279 and 308 thereof,

Having regard to the proposal from the Commission,

Having regard to the opinion of the European Parliament (1),

Having regard to the opinion of the Court of Auditors (2),

Whereas:

(1)

(2)

to

the

proper management

Council Regulation (EC) No 2040/2000 of 26 September
2000 on budgetary discipline (3)
lays down rules
of
ensure
designed
Community expenditure, relating both to the Guarantee
the European Agricultural Guidance and
Section of
Fund and to the
Guarantee
external
operations,
in accordance with the principles of sound
financial administration agreed in the Interinstitutional
Agreement of 6 May 1999 between the European
Parliament,
and the Commission on
budgetary discipline and improvement of the budgetary
procedure (4).

the Council

reserves

for

As regards Part I of Regulation (EC) No 2040/2000,
concerning agricultural expenditure, the ceilings set in
the financial framework 2007-2013 set out in Annex I
of the Interinstitutional Agreement between the European
Parliament,
and the Commission on
budgetary discipline and sound financial management (5)
of 17 May 2006 (‘the 2006 Interinstitutional Agreement’)
preclude the need to maintain the agricultural guideline
provided for therein.

the Council

(1) Opinion of 13 March 2007 (not yet published in the Official

Journal).

(2) OJ C 8, 12.1.2007, p. 3.
(3) OJ L 244, 29.9.2000, p. 27.
(4) OJ C 172, 18.6.1999, p. 1.
(5) OJ C 139, 14.6.2006, p. 1.

(3)

(4)

(5)

(6)

remaining

provisions

concerning

budgetary
The
discipline for agriculture in Part
I of Regulation (EC)
No 2040/2000 have been superseded by Articles 18,
19 and 20 of Council Regulation (EC) No 1290/2005
of 21 June 2005 on the financing of the common agri-
cultural policy (6).

in the context of

for the financing of

As regards Part II of Regulation (EC) No 2040/2000,
concerning reserves for external operations, there is no
longer any need for specific provisions and measures,
the own
which are exceptional
resources system,
the Guarantee
Fund and the reserve for Emergency Aid. The reserve
for loan guarantees has been replaced in the financial
framework 2007-2013 of
the 2006 Interinstitutional
Agreement by a budget line under heading 4 ‘the EU
as a global player’. The main principles regarding the
reserve for Emergency Aid are laid down in Council
Regulation (EC, Euratom) No 1605/2002 of 25 June
2002 on the Financial Regulation applicable to the
general budget of the European Communities (7), while
the amount and the conditions for utilisation are set out
in the 2006 Interinstitutional Agreement. Since the
interests of third parties are not directly involved, there
is no need to incorporate the latter in a regulation.

the provisions laid down in Regulation (EC) No

All
2040/2000 have therefore been rendered obsolete.

Regulation (EC) No 2040/2000 should therefore be
repealed,

HAS ADOPTED THIS REGULATION:

Article 1

Regulation (EC) No 2040/2000 shall be repealed with effect
from 1 January 2007.

Article 2

This Regulation shall enter into force on the day of its publi-
cation in the Official Journal of the European Union.

(6) OJ L 209, 11.8.2005, p. 1. Regulation as last amended by Regu-

lation (EC) No 378/2007 (OJ L 95, 5.4.2007, p. 1).

(7) OJ L 248, 16.9.2002, p. 1. Regulation as last amended by Regu-
lation (EC, Euratom) No 1995/2006 (OJ L 390, 30.12.2006, p. 1).

L 282/4

EN

Official Journal of the European Union

26.10.2007

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Luxembourg, 22 October 2007.

For the Council
The President

J. SILVA