Amending EU budget for Europe's students, scientists, NGOs', businesses and regions
The Commission has adopted today an amending budget to enable it to meet its legal obligations towards beneficiaries of EU funds. This is in line with the joint statement the Council and the European parliament adopted the day the EU budget for 2012 was adopted inviting the Commission to request additional money "in an amending budget if the appropriations entered in the 2012 budget are insufficient to cover expenditure".
Having now a more complete picture of budget implementation in 2012, the Commission estimates that an extra 9.0 billion is needed to cover the incoming bills and respect contractual and legal obligations, mainly in areas essential for growth and jobs in Europe.
The President of the European Commission José Manuel Barroso stated: "This is not about the Commission asking for more money but about Member States honouring the commitments they have made: to provide uninterrupted funding to students under the Erasmus programme or to poorer regions through the Cohesion Funds. These payments are essential to revive growth and create jobs throughout the EU."
Official documents: Documents 2012