Amending budget 7/2007: VAT/GNI balance forecasts & payment decrease

This procedure concerns the seventh amending budget for 2007. It revises the European Union's forecasts for value added tax (VAT) and gross national income (GNI) based revenues. The changes reflect updated economic information.

The amendment adjusts payment appropriations downwards. This impacts how much the EU can spend in the current budget year, reflecting the revised revenue expectations.