Member States’ contributions to 2014 EU budget to be reduced
The Commission announced today that the surplus, a combination of the balance of revenue and expenditure, for the 2013 budget amounts to EUR 1 billion. In other words, 99% of the last year's budget was implemented. The surplus will accordingly reduce the contributions of the Member States to the 2014 budget.
The surplus consists mainly of competition fines cashed in towards the end of the year. The 2012 surplus also amounted to EUR 1 billion, whereas the 2011 surplus was EUR 1.5 billion.
Each year the surplus from the previous year is the 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 end March.
Related documents: Draft Amending Budget No 2 of the European Union for the financial year 2014