Communication from the Commission to the Council and the European Parliament. Technical adjustment of the financial framework for 2014 in line with movements in GNI (Article 6 of Council Regulation No 1311/2013 laying down the multiannual financial framework for the years 2014-2020)

Council Regulation No 1311/2013 laying down the multiannual financial framework for the years 2014-2020 (MFF Regulation) contains the financial framework table for EU-28 for the period 2014-2020, expressed in 2011 prices.

According to Article 6(1) of the MFF Regulation, the Commission makes each year, ahead of the budgetary procedure for year n+1, a technical adjustment to the financial framework in line with movements in the EU's gross national income (GNI) and prices, and communicates the results to the two arms of the budgetary authority. As far as prices are concerned, expenditure ceilings at current prices are established using the fixed 2% deflator. As far as movements in GNI are concerned, the present Communication includes the latest economic forecasts available.

At the same time the Commission shall calculate the margin available under the own-resources ceiling set in accordance with Decision 2007/436/EC, Euratom, the absolute amount of the Contingency Margin provided for in Article 13, the global margin for payments provided for in Article 5, and the global margin for commitments provided for in Article 14 of the MFF Regulation.

The purpose of this Communication is to present to the budgetary authority the result of the technical adjustment (EU-28) for 2014. Given that the technical adjustment for 2014 is based on the new provisions of the MFF Regulation which was not adopted before the start of the budgetary procedure for year n+1, the technical adjustment for 2014 was, exceptionally, not made ahead of the budgetary procedure. The Budget for 2014 is, however, in line with the ceilings and amounts that result from this technical adjustment.

EUR-Lex: COM(2013)928: Follow the progress of this communication through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2013:928:FIN

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