2003/429/EC: Decision of the European Parliament and of the Council of 19 May 2003 on the adjustment of the financial perspective for enlargement

Decision of the European Parliament and of the Council
of 19 May 2003
on the adjustment of the financial perspective for enlargement
(2003/429/EC)
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community,
Having regard to the Interinstitutional Agreement of 6 May 1999 between the European Parliament, the Council and the Commission on budgetary discipline and improvement of the budgetary procedure(1), and in particular point 25 thereof,
Having regard to the proposal from the Commission(2),
Acting in accordance with the procedure laid down in the fifth subparagraph of Article 272(9) of the Treaty(3),
Whereas:
(1) The financial perspective for the European Union (with 15 members) agreed upon in the Interinstitutional Agreement of 6 May 1999 between the European Parliament, the Council and the Commission should be adjusted to take account of the situation of an enlarged European Union of 25 Members for the period 2004 to 2006, at 1999 prices.
(2) The Copenhagen European Council of 12 and 13 December 2002 has endorsed the results of the negotiations which have determined expenditure requirements resulting from the accession of 10 new Member States in 2004.
(3) It has clearly stated that pre-accession financial assistance for Turkey would be financed under the "pre-accession heading" from 2004.
(4) The consequences for the financial perspective of a political settlement in Cyprus during the current financial framework should be taken into account.
(5) In compliance with the second subparagraph of point 25 of the Interinstitutional Agreement of 6 May 1999, changes in the headings concerned by this adjustment should not exceed the amounts shown in the indicative financial framework contained in Annex II of that Agreement,