Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-05-Speech-4-179-750"
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"en.20120705.19.4-179-750"2
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"I voted for the European Parliament’s report on the draft amending budget No 3/2012 of the European Union for the financial year 2012, Section III – Commission. In 2011, for the second financial year in a row, the Budgetary Authority decreased the 2012 level of payment appropriations in the EU’s budget by more than EUR 3 billion, including for research and cohesion policy, as compared to the Commission’s initial estimates. We must stress that the under-spend in expenditure (EUR 0.73 billion) does not result from any absorption difficulties or mismanagement, but from the rules in force for adjusting the repartition of payments in line with the needs. The European Parliament deplores the fact that, despite the provisions of Article 310(5) of the Treaty on the Functioning of the European Union on sound financial management and the Joint Statement on payment appropriations agreed by all three institutions in the framework of the 2012 budgetary procedure, the Council initially decided to reduce by two thirds the level of the EUR 485 million transfer request DEC 9/2012 from under-implemented energy projects to aid economic recovery by reinforcing three budget lines under FP7 – Cooperation."@en1
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