Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-393-875"

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"en.20110705.34.2-393-875"2
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"Amending budget No 3/2011 relates to the surplus of EUR 4.54 billion resulting from the budget for the financial year 2010. It recalls that in 2010 there was already a surplus of EUR 2.25 billion. It should be noted here that delays in the implementation of approved projects and consequent payments have contributed to this surplus, along with the interest accumulated due to delays in implementing projects and the fines charged to the Member States following the non-application or violation of Community standards. It is worth noting that of the aforementioned surplus, EUR 1.8 billion corresponds to penalties and interest gathered during the delay in implementing projects. This annual surplus is deducted proportionally from the contributions made by each Member State to the Union budget. Although the rapporteur and the Committee on Budgets understand that the surplus resulting from interest accumulated due to delays in implementing projects and the fines charged to the Member States should not revert to the Member States, this is revenue from the implementation of EU law. The adoption of this amending budget is essential in order to measure the amount which each Member State should contribute towards the 2011 budget, under penalty of future delays in payment for projects that are being implemented or are about to be implemented."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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