Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-05-Speech-4-173-875"
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"en.20120705.19.4-173-875"2
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"This report, written by Francesca Balzani, addresses the draft amending budget No 3/2012, which enters in the 2012 budget the surplus resulting from implementing the budget for the 2011 financial year, as stipulated in Article 15.1 of the Financial Regulation: ‘the balance from each financial year shall be entered in the budget for the following financial year as revenue in the case of a surplus or as a payment appropriation in the case of a deficit’. This draft amending budget aims to enter in the 2012 budget the amount of EUR 1 496 968 014, corresponding to the surplus from last year resulting from an under-spend in expenditure of EUR 0.73 billion, a positive outturn on income of more than EUR 0.67 billion, and a positive exchange rate difference of EUR 0.1 billion. I voted for this draft budget and, although I understand that it is important and necessary to secure appropriate funding for the Cooperation Programme included in the Seventh Framework Programme, it is my understanding that all of the remaining funds must be channelled to the heading of payment appropriations in order to ensure that unpaid bills are paid, so as to improve the liquidity of both the public and business sectors."@en1
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