The EU budget achieved its highest ever implementation rate in 2012, continuing the positive execution trend from previous years. This confirms the fundamental role of EU funding for European regions, municipalities, small and medium enterprises, NGOs and students. The Commission was able to transfer free resources from the budget to areas where they are more needed.
The transfer of the budget resources has been made through the Draft Amending Budget No. 3 of 2013. This draft includes the basic figures on budget outturn for the previous year. The 2012 budget shows a surplus of EUR 1.02 billion, which will finance part of the 2013 EU Budget and therefore reduce the Member States’ contributions accordingly. This surplus has mostly come from greater revenue received.
Member States’ contributions to 2013 EU budget to be reduced
Total revenues for the 2012 budget amounted to €139.44 billion while total expenditure was €138.42 billion. The €1.02 billion difference will therefore reduce the contribution of Member States to the 2013 budget.
What is a budget outturn?
A budget outturn is the difference between all revenue collected and expenditure made within the limit of payments authorised by the budget, the positive difference being a surplus. For 2012, where the EU budget was implemented in full, the main element in the surplus is additional revenue received.
Annual budget activities
The annual resources, which comprise the own resources contributions to the EU budget, are based on forecasts made in the previous year. In the year of the budget execution, the Member States' contributions are adjusted through amending budgets on the basis of revised forecasts.
A draft amending budget has to be approved by the Council and the European Parliament. Each year the difference between the revenue and expenditure from the previous year is subject of a specific amending budget that must be presented by the Commission within 15 days following the submission of the accounts, which took place at the end of March.
Related information: Draft Amending Budget No 3 Documents