DRAFT AMENDING BUDGET N° 4 TO THE GENERAL BUDGET 2012 GENERAL STATEMENT OF REVENUE STATEMENT OF EXPENDITURE BY SECTION Section III – Commission
Date: 2012-06-20
Institutions: Directorate-General for Budget, European Commission
Subjects: European Commission, amending budget, budgetary expenditure, draft budget (EU)

EUROPEAN COMMISSION 

Brussels, 20.6.2012 
COM(2012) 340 final 

DRAFT AMENDING BUDGET N° 4 
TO THE GENERAL BUDGET 2012 

GENERAL STATEMENT OF REVENUE 

STATEMENT OF EXPENDITURE BY SECTION 
Section III – Commission 

EN 

   EN 

 
 
 
 
  
 
 
DRAFT AMENDING BUDGET N° 4 
TO THE GENERAL BUDGET 2012 

GENERAL STATEMENT OF REVENUE 

STATEMENT OF EXPENDITURE BY SECTION 
Section III – Commission 

2 

 
 
  
 
 
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, 

the  Council  Regulation  (EC,  Euratom)  No  1605/2002  of  25  June  2002  on  the 
Financial Regulation applicable to the general budget of the European Communities1, 
and in particular Article 37 thereof, 

the  general  budget  of  the  European  Union  for  the  financial  year  2012  adopted  on 
1 December 20112, 

the amending budget No 1/2012 adopted on 20 April 2012, 

the amending budget No 2/2012, adopted on 12 June 2012, 

the  draft  amending  budget  No  3/2012,  as  amended  following  amending  budget 
No 2/2012 

The  European  Commission  hereby  presents  to  the  budgetary  authority  the  Draft  Amending 
Budget No 4 to the 2012 budget. 

CHANGES  TO  THE  STATEMENT  OF  REVENUE  AND  EXPENDITURE  BY 
SECTION 

The  changes  to  the  statement  of  revenue  and  expenditure  by  section  are  available  on  EUR-
Lex (http://eur-lex.europa.eu/budget/www/index-en.htm). An English version of the changes 
to this statement is attached for information as a budgetary annex. 

1 
2 

OJ L 248, 16.9.2002, p. 1. 
OJ L 56, 29.2.2012, p. 1. 

3 

 
 
  
 
 
 
 
                                                 
TABLE OF CONTENTS 

1. 

INTRODUCTION ....................................................................................................................................................... 4 

ENTRY IN THE DAB 4/2012 OF THE 1ST UPDATE OF THE 2011 UK CORRECTION, OF THE 2ND UPDATE OF THE 2010 

2.  OWN RESOURCES.................................................................................................................................................... 4 
INTRODUCTION ..................................................................................................................................................... 4 
2.1. 
REVISION OF THE FORECAST OF TOR, VAT AND GNI BASES ............................................................................... 5 
2.2. 
2008, 2010 AND 2011 UK CORRECTION................................................................................................................ 7 
2.3. 
2.3.1 
INTRODUCTION ..................................................................................................................................................... 7 
2.3.2  CALCULATION OF THE CORRECTIONS ................................................................................................................... 8 
2.3.3 
UK CORRECTION AND OF THE DEFINITIVE AMOUNT OF THE 2008 UK CORRECTION .......................................................... 11 
2.4 
NETHERLANDS IN 2012 ..................................................................................................................................................... 12 
3.  RISK-SHARING INSTRUMENTS ......................................................................................................................... 13 
INTRODUCTION ................................................................................................................................................... 13 
NEW EXPENDITURE BUDGET LINES.................................................................................................................... 13 
NEW REVENUE BUDGET LINE............................................................................................................................. 14 
4.  MODIFICATION OF THE BUDGET LINE ......................................................................................................... 14 

REVISION OF THE FINANCING OF THE GROSS REDUCTIONS IN GNI PAYMENTS OF SWEDEN AND THE 

3.1 
3.2 
3.3 

4 

 
 
  
 
1. 

INTRODUCTION  

Draft Amending Budget (DAB) No 4 for the year 2012 concerns the following: 

–  A revision of the forecast of Traditional Own Resources (TOR, i.e. customs duties and sugar sector 
levies),  VAT  and  GNI  bases,  the  budgeting  of  the  relevant  UK  corrections  as  well  as  their 
financing and revision of financing of GNI reductions in favour of the Netherlands and Sweden in 
2012,  resulting  in  a  change  in  the  distribution  between  Member  States  of  their  own  resources 
contributions to the EU budget, 

–  The creation of four new budget lines for the implementation of risk-sharing instruments financed 
from the European Regional Development Fund (ERDF) and the Cohesion Fund, all with a token 
entry (p.m.), 

–  Modification of the budget line 16 03 05 01 – Preparatory action – EuroGlobe to replace the "dash" 
for payments on the line with a token entry (p.m.), in order to allow the final payments to be made. 

2. 

OWN RESOURCES 

2.1. 

Introduction 

The  following  summary  table  shows  the  distribution  of  total  own  resources  payments  between 
Member States as budgeted in: 

–  The 2012 Budget, 

–  The  Draft  Amending  Budget  (DAB)  3/2012  is  intended  to  budget  the  surplus  resulting  from  the 
implementation  of  the  budget  year  2011  of  EUR 1 496 968 014,  which  is  therefore  entered  as 
revenue in the 2012 budget, 

–  The present DAB 4/2012. 

5 

 
 
  
 
amounts in million euro 

Budget 2012 

DAB 3/2012 

DAB 4/2012 

(1) 

(2) 

(3) 

5 232,9 
411,8 
1 599,1 
2 595,9 
25 438,8 
164,5 
1 381,2 
2 205,8 
11 316,2 
20 880,9 
16 443,4 
200,6 
191,1 
323,9 
324,4 
1 101,4 
70,8 
6 359,0 
2 706,2 
4 060,9 
1 648,0 
1 359,7 
422,4 
755,5 
1 985,9 
3 534,2 
14 797,9 
127 512,3 

5 188,9 
407,3 
1 581,9 
2 566,9 
25 130,6 
162,7 
1 366,5 
2 180,7 
11 192,4 
20 639,8 
16 258,2 
198,5 
188,9 
320,3 
320,6 
1 088,9 
70,1 
6 286,4 
2 671,5 
4 015,5 
1 629,4 
1 343,6 
418,1 
747,1 
1 962,8 
3 487,3 
14 590,6 
126 015,4 

5 215,9 
410,7 
1 529,9 
2 631,9 
25 219,3 
171,3 
1 377,5 
1 965,2 
10 730,7 
20 924,1 
16 091,2 
181,3 
210,0 
329,4 
303,9 
896,7 
65,8 
6 101,5 
2 816,0 
3 643,5 
1 625,7 
1 349,0 
401,4 
752,4 
2 003,2 
3 537,2 
15 530,4 
126 015,4 

in % 

4,14% 
0,33% 
1,21% 
2,09% 
20,01% 
0,14% 
1,09% 
1,56% 
8,52% 
16,60% 
12,77% 
0,14% 
0,17% 
0,26% 
0,24% 
0,71% 
0,05% 
4,84% 
2,23% 
2,89% 
1,29% 
1,07% 
0,32% 
0,60% 
1,59% 
2,81% 
12,32% 
100,00% 

BE 
BG 
CZ 
DK 
DE 
EE 
IE 
EL 
ES 
FR 
IT 
CY 
LV 
LT 
LU 
HU 
MT 
NL 
AT 
PL 
PT 
RO 
SI 
SK 
FI 
SE 
UK 
EU 

DAB 4/2012 vs. 
DAB 3/2012 
(4) = (3) – (2) 

+ 27,0
+ 3,4
- 52,0
+ 64,9
+ 88,6
+ 8,7
+ 11,0
- 215,5
- 461,7
+ 284,4
- 166,9
- 17,2
+ 21,1
+ 9,1
- 16,7
- 192,1
- 4,2
- 184,9
+ 144,5
- 371,9
- 3,7
+ 5,4
- 16,7
+ 5,3
+ 40,4
+ 49,9
+ 939,8
+ 0

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, adopted at a meeting of the Advisory Committee on Own 
Resources (ACOR). 

The revision concerns the forecast of Traditional Own Resources (TOR) to be paid to the budget in 
2012 as well as the forecast of the 2012 Value Added Tax (VAT) and Gross National Income (GNI) 
bases.  The  forecast  in  the  2012  Budget (and  in  AB 1/2012  to  DAB  3/2012)  was  established  at  the 
151st  ACOR  meeting  on  17 May 2011.  The  revised  forecast  taken  into  account  in  the  present  DAB 
4/2012 was adopted at the 154th ACOR meeting on 21 May 2012. The use of an updated forecast of 
own resources improves the accuracy of the payments that Member States are asked to make during 
the budgetary year and reduces the unavoidable forecasting errors from the previous year. 

As compared to the forecast agreed in May 2011, the forecast agreed in May 2012 has been revised as 
follows: 

–  The total forecast of 2012 net sugar sector levies has not changed and remains EUR 123,4 million 

(after deduction of 25 % in collection costs).  

–  Total  2012  net  customs  duties  (including  duties  on  agricultural  products)  are  now  forecast  at 
EUR 17 650,8 million (after deduction of 25 % in collection costs), which represents a decrease by 
– 7,9 %  relative  to  the  May 2011  forecast  of  EUR 19 171,2 million.  The  main  reason  for  this 

6 

 
 
  
 
 
 
 
decrease is lower estimated average tariff (1,32% instead of 1,45%). The forecast was made on a 
Member  State  basis,  using  forecast  growth  rates  of  extra-EU  imports  as  published  in  the 
spring 2012 economic forecasts on 11 May 2012. 

an 

–  The  total  2012  EU  uncapped  VAT  base  is  now  forecast  at  EUR 5 779 304,1 million,  which 
forecast  of 
represents 
EUR 5 756 405,2 million.  The 
forecast  at 
EUR 5 763 295,6 million,  which  represents  an  increase  of  + 0,4 %  as  compared  to  the  May 2011 
forecast of EUR 5 740 777,2 million. 

total  2012  EU  capped  VAT  base3 

the  May 2011 
is 

increase  of  + 0,4 % 

compared 

as 

to 

–  The total 2012 EU GNI base is forecast at EUR 12 878 244,7 million, which represents a decrease 

of - 1,9 % as compared to the May 2010 forecast of EUR 13 130 916,3 million. 

The exchange rates of 30 December 2011 have been used for converting the forecast VAT and GNI 
bases  in  national  currency  into  euro  (for  the  ten  Member  States  that  are  not  members  of  the  euro 
zone).  This  avoids  distortions  since  it  is  this  rate  which  is  used  to  convert  budgeted  own  resources 
payments  from  euro  into  national  currency  when  the  amounts  are  called  in  (as  stipulated  in 
Article 10(3) of Council Regulation No 1150/2000). 

The revised forecasts of TOR, uncapped VAT bases and GNI bases for 2012, as adopted at the 154th 
ACOR meeting on 21 May 2012, are set out in the following table (rounded figures): 

3 

In accordance with Council Decision No 2007/436, if the VAT base of a Member State exceeds 50 % of its GNI, 
then it is capped at these 50 %. For DAB 4/2012, four Member States will have their VAT base capped at 50 % of 
GNI: Cyprus, Luxembourg, Malta and Slovenia. 
7 

 
 
  
 
                                                 
Revised forecasts of TOR, VAT and GNI bases for 2011 (in million EUR) 

Sugar  
levies 
(75%) 

Customs 
duties 
(75%) 

Uncapped 
VAT bases 

GNI bases 

Capped 
 VAT bases4 

BE 
BG 
CZ 
DK 
DE 
EE 
IE 
EL 
ES 
FR 
IT 
CY 
LV 
LT 
LU 
HU 
MT 
NL 
AT 
PL 
PT 
RO 
SI 
SK 
FI 
SE 
UK 
EU 

6,6 
0,4 
3,4 
3,4 
26,3 
0,0 
0,0 
1,4 
4,7 
30,9 
4,7 
0,0 
0,0 
0,8 
0,0 
2,0 
0,0 
7,3 
3,2 
12,8 
0,2 
1,0 
0,0 
1,4 
0,8 
2,6 
9,5 
123,4 

1 709,0 
54,2 
229,5 
347,5 
3 600,3 
23,1 
209,7 
140,4 
1 178,5 
1 764,0 
1 763,9 
21,5 
24,4 
49,0 
15,2 
105,2 
10,5 
1 986,6 
208,6 
373,0 
128,2 
115,0 
77,2 
127,7 
157,6 
511,7 
2 719,3 
17 650,8 

164 200,6 
17 944,9 
64 537,5 
99 128,2 
1 165 502,0 
7 880,5 
61 788,7 
89 493,6 
479 157,0 
954 295,3 
652 675,9 
14 218,6 
6 894,4 
11 421,9 
23 664,1 
34 764,0 
4 701,1 
268 334,1 
138 765,2 
171 886,5 
78 381,5 
48 853,1 
17 956,5 
25 074,5 
90 991,5 
177 296,7 
909 496,2 
5 779 304,1 

384 015,9 
38 430,5 
140 367,8 
253 673,1 
2 672 592,5 
15 872,2 
125 496,2 
199 825,7 
1 036 829,0 
2 079 550,4 
1 578 251,6 
17 237,5 
20 989,4 
31 245,9 
31 069,8 
87 872,1 
5 952,3 
608 481,6 
308 548,4 
351 257,4 
160 867,6 
137 935,4 
34 804,0 
70 157,1 
200 276,4 
405 983,0 
1 880 661,9 
12 878 244,7 

164 200,60 
17 944,90 
64 537,50 
99 128,20 
1 165 502,00 
7 880,50 
61 788,70 
89 493,60 
479 157,00 
954 295,30 
652 675,90 
8 618,75 
6 894,40 
11 421,90 
15 534,90 
34 764,00 
2 976,15 
268 334,10 
138 765,20 
171 886,50 
78 381,50 
48 853,10 
17 402,00 
25 074,50 
90 991,50 
177 296,70 
909 496,20 
5 763 295,60 

2.3. 

2008, 2010 and 2011 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 three years: 2008, 2010 and 2011. 

The 2008, 2010 and 2011 UK corrections are subject to the rules of Council Decision (EC, Euratom) 
No 2007/436 and its accompanying working document, the 2007 Calculation Method5. Pursuant to the 
rules  of  this  Decision,  the  net  TOR  “windfall  gains”  of  the  UK  resulting  from  the  increase  as  from 
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: 

4 
5 

The amounts highlighted in grey result from the capped VAT bases, as explained in footnote 3 above. 
Council  Decision  n°  2007/436  of  7  June  2007  on  the  system  of  the  EU  own  resources,  available  on:  http://eur-
lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2007:163:0017:0021:EN:PDF  and  Commission  working  document  of  23 
May 2007 "Calculation, financing, payment and entry in the budget of the correction of budgetary imbalances in accordance 
with  Articles  4  and  5  of  Council  Decision  [2007/436]  on  the  system  of  the  EU  own  resources”  referred  as  the 
2007 Calculation Method and available on:  
http://ec.europa.eu/budget/library/biblio/documents/financing/calc_own_res_2007_en.pdf. 

8 

 
 
  
 
 
 
                                                 
–  pre-accession  expenditure  (PAE)  paid  under  appropriations  for  payments  relating  to  the  year 
preceding the enlargement. The same adjustment for PAE will be followed at the occasion of each 
future enlargement of the Union but it will cease to apply as from the correction to be budgeted for 
the first time in 2014; 

–  for  the  2008  correction  20 %,  for  2010  and  2011  UK  corrections  100 %  of  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  that  part  of  the  rural 
development expenditure originating from the EAGGF, Guarantee section. This reduction is to be 
phased-in  progressively  (20 %  for  2008  correction  budgeted  in  2009,  70 %  for  2009  correction 
budgeted in 2010 and 100 % as from 2010 correction budgeted in 2011). 

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. 

The  difference  between  the  definitive  amount  of  the  2008 UK correction  and  the  amount  previously 
budgeted  (2nd  update  in  AB  4/2010)  as  well  as  the  difference  between  the  2nd  update  of  the  2010 
correction  and  the  amount  previously  budgeted  (1st  update  in  AB  5/2011)  are  entered  under 
chapters 35 and 36 of DAB 4/2012. 

The  amount  of  the  1st update  of  the  2011 UK correction  is  entered  under  chapter 15  of  the  DAB 
4/2012,  as  a  replacement  of  the  provisional amount  of  the  2011 UK correction  entered  under 
chapter 15 of the Budget 2012. 

2.3.2  Calculation of the corrections 

In the present DAB, the calculation and financing of the 1st update of the 2011 UK correction, the 2nd 
update of the 2010 correction and the definitive amount of the 2008 UK correction are entered. 

As  far  as  the  2009 UK correction  is  concerned,  the  Commission  shall  (according  to  the 
2007 Calculation Method)  propose  to  budget  an  update  if  they  differ  significantly  from  the 
corresponding previously budgeted calculation. According to the Commission’s current calculations, 
the  amount  of  the  2009  UK correction  does  not  differ  significantly  from  the  1st update  of  the 
2009 UK correction entered in AB 4/2010. Consequently, the update is not proposed for budgeting in 
the present DAB 4/2012. 

2.3.2.1 

2011 UK correction 

following 

the 
the  changes  between 
The 
2011 UK correction  entered  in  Budget  2012  and  the  1st update  of  the  2011 UK correction  to  be 
entered in DAB 4/2012. 

the  provisional amount  of 

table  summarises 

9 

 
 
  
 
2011 UK correction 

(2) 

(1)  UK share of uncapped VAT base 
UK share of enlargement-adjusted 
total allocated expenditure 
= (1) - (2) 

(3) 
(4)  Total allocated expenditure 

(5) 

Enlargement-related expenditure 
= (5a) + (5b) 

(5a)  Pre-accession expenditure 
(5b)  Expenditure related to Art 4(1)(g) 

(6) 

(7) 

Enlargement-adjusted total allocated 
expenditure = (4) - (5) 
UK correction original amount = (3) 
x (6) x 0.66 

(8)  UK advantage 
(9)  Core UK correction = (7) - (8) 
(10)  TOR windfall gains 
(11)  UK correction = (9) - (10) 

2011 UK 
correction 
PROVISIONAL 
Budget 2012 

2011 UK 
correction 
1st UPDATE 
DAB 4/2012 

Difference 

15.0054% 

7.6164% 

14.9462%

7.3204%

- 0.0592%

- 0.2960%

7.3890% 
114 982 094 901 

7.6259%
116 689 113 932

+ 0.2369%
+ 1 707 019 031

29 243 025 286 

26 918 339 726

- 2 324 685 560

3 047 748 507 
26 195 276 779 

3 037 294 340
23 881 045 386

- 10 454 167
- 2 314 231 393

85 739 069 616 

89 770 774 207

+ 4 031 704 591

4 181 273 373 

4 518 220 698

+ 336 947 325

319 474 318 
3 861 799 055 
61 357 780 
3 800 441 275 

534 381 657
3 983 839 040
8 838 069
3 975 000 971

+ 214 907 339
+ 122 039 986
- 52 519 710
+ 174 559 696

The  1st update  of  the  2011 UK correction  is  EUR 175 million  higher  as  compared  to  the 
provisional amount of the 2011 UK correction entered in Budget 2012. 

For the 2011 UK correction the difference in the original amount of the UK correction between Own 
Resources  Decision  (ORD)  2000  and  ORD  2007  is  EUR 2 144,6 million  in  2004  prices  and 
EUR 2 355,7 million in current prices. 

2.3.2.2  2010 UK correction 

The following table summarises the changes between the 1st update of the 2010 UK correction entered 
in AB 4/2011 and the 2nd update of the 2010 UK correction to be entered in DAB 4/2012. 

2010 UK correction 

(2) 

(1)  UK share of uncapped VAT base 
UK share of enlargement-adjusted 
total allocated expenditure 
= (1) - (2) 

(3) 
(4)  Total allocated expenditure 

(5) 

Enlargement-related expenditure 
= (5a) + (5b) 

(5a)  Pre-accession expenditure 
(5b)  Expenditure related to Art 4(1)(g) 

(6) 

(7) 

Enlargement-adjusted total allocated 
expenditure = (4) - (5) 
UK correction original amount = (3) 
x (6) x 0.66 

(8)  UK advantage 
(9)  Core UK correction = (7) - (8) 
(10)  TOR windfall gains 
(11)  UK correction = (9) - (10) 

2010 UK 
correction 
1st update 
AB 4/2011 

2010 UK 
correction 
2nd update 
DAB 4/2012 

15.0995% 

7.7390% 

15.3613%

7.7118%

7.3605% 
111 581 136 089 

7.6495%
111 424 575 479

23 885 731 392 

23 860 842 743

2 978 639 088 
20 907 092 304 

2 970 335 816
20 890 506 927

Difference 

+ 0.2617%

- 0.0272%

+ 0.2889%
- 156 560 609

- 24 888 649

- 8 303 272
- 16 585 377

87 695 404 697 

87 563 732 736

- 131 671 960

4 260 193 166 

4 420 776 873

+ 160 583 707

388 810 830 
3 871 382 336 
29 810 676 
3 841 571 660 

768 620 727
3 652 156 146
21 614 060
3 630 542 087

+ 379 809 897
- 219 226 190
- 8 196 616
- 211 029 573

The 2nd update of the 2010 UK correction is EUR 211 million lower as compared to the 1st update of 
the 2010 UK correction entered in AB 4/2011. 

10 

 
 
  
 
 
 
 
For the 2010 UK correction the difference in the original amount of the UK correction between Own 
Resources  Decision  (ORD)  2000  and  ORD  2007  is  EUR 1 957 million  in  2004  prices  and 
EUR 2 118 million in current prices. 

2.3.2.3  2008 UK correction 

The  following  table  summarises  the  changes  between  the  2nd  update  of  the  2008 UK correction 
entered  in  AB 4/2010  and  the  definitive  amount  of  the  2008 UK correction  to  be  entered  in  DAB 
4/2012. 

2008 UK correction 

(2) 

(1)  UK share of uncapped VAT base 
UK share of enlargement-adjusted 
total allocated expenditure 
= (1) - (2) 

(3) 
(4)  Total allocated expenditure 

(5) 

Enlargement-related expenditure 
= (5a) + (5b) 

(5a)  Pre-accession expenditure 
(5b)  Expenditure related to Art 4(1)(g) 

(6) 

(7) 

Enlargement-adjusted total allocated 
expenditure = (4) - (5) 
UK correction original amount = (3) 
x (6) x 0.66 

(8)  UK advantage 
(9)  Core UK correction = (7) - (8) 
(10)  TOR windfall gains 
(11)  UK correction = (9) - (10) 

2008 UK 
correction 
2nd update 
AB 4/2010 

2008 UK 
correction 
Definitive amount
DAB 4/2012 

15.7045% 

7.3387% 

15.7929%

7.3458%

8.3658% 
105 538 033 501 

8.4471%
105 436 390 802

5 908 600 354 

5 903 524 193

3 014 323 610 
2 894 276 744 

3 009 247 449
2 894 276 744

Difference 

+ 0.0884%

+ 0.0071%

+ 0.0813%
- 101 642 699

- 5 076 161

- 5 076 161
+ 0

99 629 433 147 

99 532 866 610

- 96 566 537

5 500 964 647 

5 549 050 290

289 477 443 
5 211 487 204 
-42 810 700 
5 254 297 904 

371 343 380
5 177 706 910
-45 867 538
5 223 574 449

+ 48 085 644

+ 81 865 937
- 33 780 294
- 3 056 839
- 30 723 455

The  definitive  amount  of  the  2008 UK correction  is  EUR 30,7 million  lower  as  compared  to  the 
2nd update of the 2008 UK correction entered in AB 4/2010. 

For the 2008 UK correction the difference in the original amount of the UK correction between Own 
Resources  Decision  (ORD)  2000  and  ORD  2007  is  EUR 280,6 million  in  2004  prices  and 
EUR 301,7 million in current prices. 

2.3.2.4  EUR 10,5 billion ceiling 

According  to  article  4(2)  of  Decision  2007/436,  during  the  period  2007-2013  the  additional 
contribution  of  the  United  Kingdom  resulting  from  the  reduction  of  allocated  expenditure  by  the 
expenditure related to enlargement as referred to in paragraph (1)(g) of ORD 2007 shall not exceed 
EUR 10,5 billion,  measured  in  2004  prices.  The  cumulative  effect  of  2007  to  2012  corrections  is 
EUR 5 657,5 million in 2004 prices and EUR 6 125,2 million in current prices. 

2007-2012 UK corrections 
Difference in original amount in reference to EUR 10,5 billion 
threshold 
(ORD 2007 vs. ORD 2000), in EUR 

(A) 
(B) 
(C) 
(D) 
(E) 
(F) 
(G) 

2007 UK correction 
2008 UK correction  
2009 UK correction  
2010 UK correction 
2011 UK correction 
2012 UK correction 
Sum of differences = (A) + (B) + (C) + (D) + (E) + (F) 

Difference in 
current prices 

Difference in 
constant 2004 
prices 

0 
-301 679 647 
-1 349 840 247 
-2 117 969 550 
-2 355 745 675 
n/a 
-6 125 235 119 

0
- 280 649 108
- 1 275 338 491
- 1 956 957 875
- 2 144 599 880
n/a
5 657 545 355

11 

 
 
  
 
 
 
2.3.3  Entry in the DAB 4/2012 of the 1st update of the 2011 UK correction, of the 2nd update of 

the 2010 UK correction and of the definitive amount of the 2008 UK correction 

2.3.3.1  2011 UK correction (chapter 15) 

The  amount  of  the  UK correction  to  be  budgeted  in  chapter 15  of  the  present  DAB  4/2012  is  the 
amount  of  the  1st update  of  the  2011 UK correction  (i.e.  EUR 3 975 000 971,  replacing  the 
EUR 3 800 441 275 entered in Budget 2012). 

This  amount  is  to  be  financed  along  the  revised  2012 GNI bases  of  the  present  DAB  4/2012.  The 
budgeting of this amount in chapter 15 is summarised below: 

2011 UK correction  — Chapter 15 

BE 
BG 
CZ 
DK 
DE 
EE 
IE 
EL 
ES 
FR 
IT 
CY 
LV 
LT 

198 203 463 
LU 
19 835 268  HU 
72 448 521  MT 
130 929 180 
NL 
241 497 563 
AT 
8 192 174 
PL 
64 772 790 
PT 
103 136 734 
RO 
535 142 160 
SI 
1 073 325 585 
SK 
814 588 491 
FI 
8 896 851 
SE 
10 833 332 
UK 
16 127 055
Total 

16 036 164 
45 353 733 
3 072 181 
54 982 877 
27 880 676 
181 295 704 
83 029 154 
71 193 078 
17 963 510 
36 210 428 
103 369 355 
36 684 944 
0 
3 975 000 971 

2.3.3.2  2010 UK correction (chapter 36) 

The  amount  of  the  UK correction  to  be  budgeted  in  chapter 36  of  the  present  DAB  4/2012  is  the 
difference  between  the  2nd  update  of  the  2010 UK correction  (i.e.  EUR 3 630 542 087)  and  the 
1st update  of  the  2010 UK correction  (i.e.  EUR 3 841 571 660  entered  in  AB  4/2011),  amounting  to 
EUR 211 029 573. 

This  amount  is  to  be  financed  along  the  revised  2011 GNI bases  as  known  at  the  end  of  2011.  The 
budgeting of this amount in chapter 36 is summarised below: 

2010 UK correction — Chapter 36 

-1 321 483 
-4 025 268 
-289 108 
-3 588 342 
-764 191 
-15 230 602 
-4 186 172 
1 370 640 
-1 504 459 
-2 287 722 
-4 814 952 
-1 637 487 
211 029 573 
0 

BE 
BG 
CZ 
DK 
DE 
EE 
IE 
EL 
ES 
FR 
IT 
CY 
LV 
LT 

-7 206 164 

LU 
-874 899  HU 
-1 231 077  MT 
-5 756 244 
NL 
-12 395 478 
AT 
-159 399 
PL 
-4 114 974 
PT 
-10 261 013 
RO 
-31 026 737 
SI 
-53 804 546 
SK 
-44 693 441 
FI 
-988 357 
SE 
230 629 
UK 
-468 727
Total 

12 

 
 
  
 
2.3.3.3  2008 UK correction (chapter 35) 

The  amount  of  the  UK correction  to  be  budgeted  in  chapter 35  of  the  present  DAB  4/2012  is  the 
difference between the definitive amount of the 2008 UK correction (i.e. EUR 5 223 574 449) and the 
2nd update of the 2008 UK correction (i.e.  EUR 5 254 297 904 entered in  AB 4/2010), amounting to 
EUR 30 723 455. 

This  amount  is  to  be  financed  along  the  revised  2009 GNI bases  as  known  at  the  end  of  2011.  The 
budgeting of this amount in chapter 35 is summarised below: 

2008 UK correction — Chapter 35 

BE 
BG 
CZ 
DK 
DE 
EE 
IE 
EL 
ES 
FR 
IT 
CY 
LV 
LT 

-2 436 633 
LU 
1 220 806  HU 
1 690 027  MT 
-3 876 276 
NL 
-4 774 265 
AT 
47 930 
PL 
492 015 
PT 
-4 953 249 
RO 
-5 638 762 
SI 
-19 594 776 
SK 
8 439 585 
FI 
-497 841 
SE 
-254 104 
UK 
318 425
Total 

-714 690 
-1 193 752 
-66 212 
-305 503 
-238 031 
-2 645 902 
2 383 572 
1 233 079 
39 130 
-868 292 
2 996 972 
-1 526 708 
30 723 455 
0 

2.4 

Revision  of  the  financing  of  the  gross  reductions  in  GNI  payments  of  Sweden  and  the 
Netherlands in 2012 

The gross reductions in the GNI payments of the Netherlands and Sweden for 2012 were established 
in Budget 2012. The amounts were adjusted to current prices by applying the GDP deflator for the EU 
expressed in euro, as provided by the Commission in the 2011 Spring Economic Forecast, i.e. which 
was available when the draft budget 2012 was drawn up. The gross amounts are EUR 678,8 million 
for the Netherlands and EUR 168,3 million for Sweden and they do not and will not change.6 

The reductions are to be financed by all Member States according to the shares in GNI. The financing 
is  therefore  modified  according to  the  update  of  the  GNI  bases  for  2012  as  agreed  during  the  154th 
ACOR Forecast meeting on 21 May 2012. 

The following table provides an overview of the financing of the gross reductions for 2012: 

6 

According  to  Article  2(5)  of  Council  Decision  2007/436/EC,  Euratom  the  amounts  are  adjusted  to  the  current 
prices by applying the most recent GDP deflator for the EU expressed in euro, as provided by the Commission, 
which is available when the preliminary draft budget is drawn up. 

13 

 
 
  
 
                                                 
Reductions in 2012 GNI payments of the 
Netherlands and Sweden 
 25 260 463  
LU 
 2 527 948   HU 
 9 233 356   MT 
 16 686 549   NL 
 175 802 420   AT 
 1 044 069  
PL 
 8 255 106  
PT 
 13 144 481   RO 
 68 202 334  
SI 
 136 792 269  
SK 
 103 816 968  
FI 
 1 133 878  
SE 
 1 380 677   UK 
 2 055 347   Total 

2 043 763  
5 780 203  
391 541  
- 638 798 259  
20 296 231  
23 105 618  
 10 581 828  
9 073 354  
2 289 398  
4 614 915  
13 174 128  
- 141 598 022  
 123 709 437  

0 

BE 
BG 
CZ 
DK 
DE 
EE 
IE 
EL 
ES 
FR 
IT 
CY 
LV 
LT 

3. 

RISK-SHARING INSTRUMENTS 

3.1 

Introduction 

Regulation (EU) No 423/2012 of the European Parliament and of the Council of 22 May 2012 amends 
Council  Regulation  (EC)  No  1083/2006  as  regards  certain  provisions  relating  to  risk-sharing 
instruments  for  Member  States  experiencing  or  threatened  with  serious  difficulties  with  respect  to 
their financial stability. 

The aim of the new provisions is to address liquidity problems that affect the privately financed part 
of  cohesion  policy  projects.  The  new  provisions  create  the  possibility  to  establish,  by  means  of 
cooperation agreements to be concluded between the Commission and the European Investment Bank 
(EIB) or similar bodies, risk-sharing instruments with a view to facilitate investment and growth by 
reallocating financial appropriations up to 10 % of the European Regional Development Fund (ERDF) 
and Cohesion Fund allocation for the period 2007-2013 to the risk-sharing instruments. 

In order to implement the actions, it is proposed to create three new expenditure budget lines and one 
revenue budget line. The creation of these budget lines has already been proposed in the Draft Budget 
2013. 

3.2 

New Expenditure Budget Lines 

In order to implement the actions foreseen, it is proposed to create three new expenditure budget lines 
in Budget 2012 under Chapter 13 – Regional Policy: 

–  13 03 40: Risk-sharing instruments financed from the ERDF Convergence envelope. 

–  13 03 41:  Risk-sharing  instruments  financed  from  the  ERDF  Regional  competitiveness  and 

employment envelope. 

–  13 04 03: Risk-sharing instruments financed from the Cohesion Fund envelope. 

As  the  new  actions  are  financed  without  any  overall  increase  in  the  appropriations,  at  this  stage  a 
token entry (p.m.) is proposed on these new expenditure budget lines. 

14 

 
 
  
 
 
Following the entry into force of the corresponding legal act on 23 May 20127, the Commission will 
examine  the  applications  of  the  concerned  Member  States.  In  parallel,  the  concerned  operational 
programmes will have to be modified.  

At  the  end  of  this  exercise  the  amounts  to  be  transferred  to  the  risk-sharing  instruments  will  be 
decommitted  from  the  programmes.  The  resulting  commitment  appropriations  which  become 
available on the existing respective ERDF and Cohesion Fund budget lines will then be transferred to 
the newly created budget lines. This will enable the Commission to enter into legal commitments with 
the EIB or similar bodies (signature of the cooperation agreements). 

3.3 

New Revenue Budget Line 

In order to be able to record potential reflows and amounts left-over from Union support to the Risk 
Sharing Instruments, it  is also proposed to create a new revenue item in  Budget 2012  under  Article 
6 1 4  –  Repayment  of  Union  support  to  commercially  successful  projects  and  activities  and  to  Risk 
Sharing Instruments financed from the European Regional Development Fund and the Cohesion Fund: 

–  6 1 4 4 — Repayment of Union support to Risk Sharing Instruments financed from the European 

Regional Development Fund and the Cohesion Fund — Assigned revenue. 

As any potential reflows or amounts left-over cannot be quantified at this stage, a token entry (p.m.) is 
proposed on this new revenue budget line. 

4. 

MODIFICATION OF THE BUDGET LINE 

The preparatory action EuroGlobe was created in 2009. In accordance with article 49 of the Financial 
Regulation,  the  relevant  commitment  appropriations  for  a  preparatory  action  may  be  entered  in  the 
budget for not more than three successive financial years. However, the finalisation of payments can 
continue thereafter. 

A  contract,  covering  the  organisation  of  a  communication  campaign  and  public  debates  on  EU 
policies and activities of direct relevance to citizens using cinema events, was signed on 28 December 
2009. The contract foresaw actions to be carried out during the Hungarian and Polish presidencies in 
2011, ending not later than 31 December 2011. 

The  pre-financing  and  two  interim  payments  were  made  in  2010  and  2011.  In  November  2011,  the 
Commission  was  informed  that  the  final  payment  request,  together  with  the  final  report,  would  be 
presented only in 2012. The request for a final payment was received on 12 March 2012. 

In  order  to  cover  this  final  payment  the  Commission  will  make  an  internal  transfer.  However,  in 
accordance with article 25 of the Financial Regulation, a transfer can only be made to a budget line for 
which there are authorised appropriations, or which carries a token entry (p.m.). In the 2012 budget, 
the line in question, 16 03 05 01 – Preparatory action – EuroGlobe only foresees a "dash" in payment 
appropriations. Therefore, it is proposed to replace this with a token entry (p.m.) to make the required 
transfer possible. 

7 

OJ L 133, 23.5.2012, p.1. 

15