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Feed/BUD2007/2162(BUD)Finance & Budget

Amending budget 5/2007: TOR, VAT, GNI forecast revision & UK corrections

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 228mo ago
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This procedure concerns adjustments to the EU's budget for 2007. It revises the estimated amounts of own resources, specifically Value Added Tax (VAT) and Gross National Income (GNI) bases. It also addresses corrections related to the UK's contributions for the years 2003 and 2006.

The changes affect how much each member state contributes to the EU budget. This ensures the budget accurately reflects the economic situation and corrects any previous over or underpayments by the UK.