amending budget no 1 to the general budget 2024 amendments of the 2024 budget required due to the MFF revision
This report approves changes to the European Union's 2024 budget. These adjustments are necessary to align the budget with a recently revised long-term financial plan (MFF) and to fund new EU initiatives. The changes affect the overall EU budget, increasing both planned spending commitments and payments. Specific funds are allocated to support Ukraine, enhance European defence capabilities, and promote strategic technologies within the EU. Key changes include increased funding for Ukraine through a new facility, additional resources for the European Defence Fund, and a reinforcement for the Strategic Technologies for Europe Platform (STEP). The budget also adjusts to accommodate the new Artificial Intelligence Office. The report confirms the adoption of these budget amendments, ensuring the 2024 budget is better equipped to handle current challenges and support new policy priorities.
Analysis
Draft amending budget No 1/2024 increases expenditure by EUR 5,833.7 million in commitment appropriations and EUR 4,143.6 million in payment appropriations.
What changes
- Draft amending budget No 1/2024 incorporates necessary changes stemming from the revised MFF Regulation into the 2024 budget.
- The budget includes a EUR 376 million reinforcement for the European Defence Fund (EDF) related to the Strategic Technologies for Europe Platform (STEP) Regulation.
- New lines are created to split the Solidarity and Emergency Aid Reserve into the European Solidarity Reserve and the Emergency Aid Reserve.
Expected impact
- The 2024 Union budget will be better equipped to meet challenges due to the adoption of Draft amending budget No 1/2024.
- The Ukraine Facility, including grant and loan support, aims to help Ukraine maintain essential services and support its path to reconstruction and membership.
- The budgetary remarks for the Digital Europe programme are modified to finance the Artificial Intelligence Office, noted as a temporary fix requiring a long-term structural solution.
Limitations
- The document does not contain specific details on the exact legal bases for all proposed changes beyond general references to regulations and treaties.
- The precise impact of the EUR 5 million deduction from the Ukraine Facility line, mentioned in paragraph 5, is not fully detailed.
- The document does not provide a comprehensive list of all entities or persons from whom input was received, only a partial list in the Annex.
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