EU Budget 2012. Financial Report

This report contains four sections: overview, revenue, expenditure and annexes.

Section I presents an overview of EU finances in 2012. It introduces the current multiannual financial framework (MFF) 2007–13 — the EU’s long-term financial plan — including its role and structure and the specific steps of the 2012 annual budgetary procedure. The section ends with a short description of the way the EU budget is managed.

Section II provides information on the budget revenue and describes the EU budget’s own resources. It also explains a number of particularities such as the UK correction and other rebates, other revenue, donations and fines.

Section III represents the main part of the report, covering the expenditure from the EU budget grouped by area of spending (heading) according to the current MFF. The text includes information on the main programmes as well as on the expenditure allocations by Member State. This section also presents and explains the expenditure methodology.

Section IV includes six annexes which provide detailed information, with figures and charts on the last MFF (2000–06) and the current one (2007–13).

The annexes also show the expenditure and revenue by heading, source type and Member State for the period 2000–13, as well as the methodology and calculation of the operating budgetary balances in Annex 3. Recoveries and financial corrections are detailed in Annex 4, while Annex 5 summarises the borrowing and lending activities. The last annex is a glossary with the main terminology of the report explained in plain language

http://ec.europa.eu/budget/index_en.cfm http://ec.europa.eu/budget/index_en.cfm

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