Amending Budget 2024 No 4: Revenue & Agency Adjustments

This legislative report concerns Draft Amending Budget No 4/2024, which updates the European Union's expected income and adjusts spending for some agencies. It aims to reflect the latest financial information and ensure agencies have adequate resources.

The budget update affects the EU's revenue forecasts, including customs duties, VAT, plastic packaging waste contributions, and the UK's financial contribution. It also impacts the budgets of specific decentralised agencies like the European Medicines Agency and Eurojust.

Key changes include revised revenue forecasts, a lower than expected UK contribution, and increased income from fines and penalties. The report also addresses adjustments to agency funding, with a net increase proposed, partly financed by the Flexibility Instrument.

The report welcomes the draft amending budget but calls for improved revenue forecasting accuracy. It highlights concerns about the increasing burden of certain rebates on Member States and the need for sustainable EU budget revenue, urging progress on own resources reform.