Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-394-500"
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"en.20110705.34.2-394-500"2
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The Draft Amending Budget voted on today aims to enter into the 2011 budget the surplus from 2010. The surplus of EUR 4.54 billion is the result of exchange rate differences, the outturn on income and the outturn on expenditure. Under the Financial Regulation, the Commission may present preliminary draft amending budgets, ‘if there are unavoidable, exceptional or unforeseen circumstances’. In this way the overall contribution of the Member States towards the 2011 budget will be reduced by EUR 4.54 billion, as this amount corresponds to the 2010 surplus; it will be ‘returned’ to the States. In this particular case, this proposal, for which I voted and which Parliament is determined to promote and advocate in the upcoming negotiations on annual and multiannual budgets, results in a reduction of EUR 59 million in Portugal’s contribution to the Community budget."@en1
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