BETA


2010/2120(BUD) Amending budget 5/2010: guarantee provided by the EU for financial assistance, new budget item and new article

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead BUDG SURJÁN László (icon: PPE PPE) JENSEN Anne E. (icon: ALDE ALDE)
Lead committee dossier:

Events

2010/12/21
   Final act published in Official Journal
Details

PURPOSE: definitive adoption of amending budget No 5 of the European Union for the financial year 2010.

LEGISLATIVE ACT: 2010/775/EU, Euratom.

CONTENT: the European Parliament has definitively adopted amending budget No 5/2010 of the European Union, in accordance with its resolution of 22 September 2010 (please refer to the summary of the resolution).

This amending budget covers the necessary modifications concerning the creation of a new budget item 01 04 01 03 for the guarantee provided by the European Union in accordance with the provisions of Article 122(2) of the Treaty on the Functioning of the European Union and, correspondingly, a new Article 802 on the revenue side. This item is granted a token entry (p.m.).

It should be noted this amending budget was initially presented as draft amending budget 7/2010.

2010/09/22
   EP - Results of vote in Parliament
2010/09/22
   EP - Decision by Parliament
Details

The European Parliament adopted by 467 votes to 41, with 19 abstentions, a resolution approving unamended the Council’s position on Draft amending budget No 7/2010 of the European Union for the financial year 2010, Section III - Commission.

Parliament recalled that this draft amending budget covered the necessary modifications concerning the creation of a new budget item 01 04 01 03 for the guarantee provided by the European Union in accordance with the provisions of Article 122(2) of the Treaty on the Functioning of the European Union and, correspondingly, a new Article 802 on the revenue side. The purpose of the draft amending budget was to formally enter these adju stments into the 2010 budget.

Documents
2010/09/22
   EP - End of procedure in Parliament
2010/09/21
   EP - Debate in Parliament
2010/09/20
   EP - Committee referral announced in Parliament
2010/09/14
   EP - Budgetary report tabled for plenary, 1st reading
Documents
2010/09/14
   EP - Budgetary report tabled for plenary
Documents
2010/09/13
   EP - Committee draft report
Documents
2010/09/13
   CSL - Council position on draft budget
Details

On 13 July 2010, the Commission submitted draft amending budget (DAB) No 7 to the general budget for 2010. This DAB covered the setting up of the budget structure for the European Financial Stabilisation mechanism based on Article 122(2) of the TFEU. A new budget item (01 04 01 03) on the expenditure side and a corresponding new budget article on the revenue side (802) are created, with a token entry (p.m.) for commitment and payment appropriations as well as for revenue.

No financial provisions were therefore requested for this DAB. If necessary, the Commission would propose to make available the appropriations needed by means of transfers or amending budgets.

The Council reached an agreement on the Commission proposal.

On 13 September 2010, the Council adopted its position on draft amending budget No 7 of the European Union for the financial year 2010 as set out in the technical annex to its explanatory memorandum (see Council Doc 13476/10 ADD 1 ).

Documents
2010/09/13
   EP - Vote in committee
Details

The Committee on Budgets adopted the report drafted by László SURJÁN (EPP, HU) which recommends that the European Parliament approve the Council’s position on Draft amending budget No 7/2010 of the European Union for the financial year 2010, Section III- Commission.

The committee recalls that this draft amending budget covers the necessary modifications concerning the creation of a new budget item 01 04 01 03 for the guarantee provided by the European Union in accordance with the provisions of Article 122(2) of the Treaty on the Functioning of the European Union and, correspondingly, a new Article 802 on the revenue side.

These adjustments shall be formally entered into the 2010 budget.

2010/09/13
   CSL - Draft budget approved by Council
2010/09/13
   CSL - Council Meeting
2010/09/12
   CSL - Council position on draft budget published
Details

On 13 July 2010, the Commission submitted draft amending budget (DAB) No 7 to the general budget for 2010. This DAB covered the setting up of the budget structure for the European Financial Stabilisation mechanism based on Article 122(2) of the TFEU. A new budget item (01 04 01 03) on the expenditure side and a corresponding new budget article on the revenue side (802) are created, with a token entry (p.m.) for commitment and payment appropriations as well as for revenue.

No financial provisions were therefore requested for this DAB. If necessary, the Commission would propose to make available the appropriations needed by means of transfers or amending budgets.

The Council reached an agreement on the Commission proposal.

On 13 September 2010, the Council adopted its position on draft amending budget No 7 of the European Union for the financial year 2010 as set out in the technical annex to its explanatory memorandum (see Council Doc 13476/10 ADD 1 ).

Documents
2010/07/13
   EP - SURJÁN László (PPE) appointed as rapporteur in BUDG
2010/07/12
   EC - Commission draft budget published
Details

PURPOSE: presentation of Draft Amending Budget No. 7 to the 2010 general budget – section III – Commission.

CONTENT: DAB 7/2010 covers the creation of a new budget item 01 04 01 03 for the guarantee provided by the European Union in accordance with the provisions of Article 122(2) of the Treaty on the Functioning of the European Union (TFEU) and, correspondingly, a new article 802 on the revenue side.

On 9 May 2010, the Council decided on a comprehensive package of measures to preserve financial stability in Europe, including a European Financial Stabilisation mechanism based on Article 122(2) of the TFEU. This Article foresees financial support for Member States in difficulties caused by exceptional circumstances beyond Member States’ control. The mechanism will operate without prejudice to the existing facility providing medium term financial assistance for non euro area Member States' balance of payments.

To grant this financial assistance the Commission will borrow on the capital markets or with financial institutions on behalf of the European Union. In order to honour its obligations should the debtors default, the Commission may draw on its cash resources to service the debt provisionally. Article 12 of Council Regulation (EC, Euratom) No 1150/2000 of 22 May 2000 implementing Decision 2000/597/EC, Euratom on the system of the Communities’ own resources shall apply. Subsequently, it may be necessary to budget the operation.

Reimbursements after an initial default or any other revenue arising from the exercise of rights in connection with the guarantee may also need to be budgeted as revenue.

It is therefore proposed to create a new budget item on the expenditure side and a corresponding new budget article on the revenue side as the budget structure for the guarantee provided by the European Union .

As it is of use for budgetary items linked to lending operations without a specific guarantee fund, the new item 01 04 01 03 and new article 8 0 2 will receive a token entry (p.m.). If necessary, the Commission will propose to make available the appropriations needed by means of a transfer or an amending budget.

DAB No 7 to the 2010 general budget has no financial implications.

Documents

Activities

History

(these mark the time of scraping, not the official date of the change)

docs/1
date
2010-09-13T00:00:00
docs
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events/5/type
Old
Committee referral announced in Parliament, 1st reading/single reading
New
Committee referral announced in Parliament
events/6/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20100921&type=CRE
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https://www.europarl.europa.eu/doceo/document/CRE-7-2010-09-21-TOC_EN.html
events/8
date
2010-09-22T00:00:00
type
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2010-09-22T00:00:00
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Decision by Parliament, 1st reading/single reading
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EP
docs
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summary
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Old
http://www.europarl.europa.eu/doceo/document/B-2-75-10B0_EN.html
New
https://www.europarl.europa.eu/doceo/document/B-2-75-10B0_EN.html
procedure/Modified legal basis
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procedure/Other legal basis
Rules of Procedure EP 159
procedure/final/url
Old
http://www.europarl.europa.eu/doceo/document/B-2-75-10B0_EN.html
New
https://www.europarl.europa.eu/doceo/document/B-2-75-10B0_EN.html
committees/0
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BUDG
rapporteur
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shadows
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committees/0
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BUDG
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shadows
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docs/1/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2010-250&language=EN
New
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events/4/docs/0/url
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events/8/docs/0/url
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http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2010-329
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events/10/docs/0/url
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http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B[%g]-2010-775&language=EN
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http://www.europarl.europa.eu/doceo/document/B-2-75-10B0_EN.html
procedure/final/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B[%g]-2010-775&language=EN
New
http://www.europarl.europa.eu/doceo/document/B-2-75-10B0_EN.html
activities
  • date: 2010-07-12T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2010&nu_doc=383 title: COM(2010)0383 type: Commission draft budget published celexid: CELEX:52010DC0383:EN body: EC commission: DG: url: http://ec.europa.eu/dgs/budget/ title: Budget Commissioner: LEWANDOWSKI Janusz type: Commission draft budget published
  • body: CSL meeting_id: 3032 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=13476%2F10&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC type: Council position on draft budget published title: 13476/2010 council: General Affairs date: 2010-09-13T00:00:00 type: Council Meeting
  • date: 2010-09-13T00:00:00 body: EP committees: body: EP shadows: group: ALDE name: JENSEN Anne E. responsible: True committee: BUDG date: 2010-07-13T00:00:00 committee_full: Budgets rapporteur: group: PPE name: SURJÁN László type: Vote in committee, 1st reading/single reading
  • date: 2010-09-14T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2010-250&language=EN type: Budgetary report tabled for plenary, 1st reading title: A7-0250/2010 body: EP type: Budgetary report tabled for plenary, 1st reading
  • date: 2010-09-20T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP shadows: group: ALDE name: JENSEN Anne E. responsible: True committee: BUDG date: 2010-07-13T00:00:00 committee_full: Budgets rapporteur: group: PPE name: SURJÁN László
  • date: 2010-09-21T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20100921&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament
  • date: 2010-09-22T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=18834&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2010-329 type: Decision by Parliament, 1st reading/single reading title: T7-0329/2010 body: EP type: Results of vote in Parliament
  • date: 2010-12-21T00:00:00 type: Final act published in Official Journal docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B[%g]-2010-775&language=EN title: Budget 2010/775 url: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2010:337:TOC title: OJ L 337 21.12.2010, p. 0039
commission
  • body: EC dg: Budget commissioner: LEWANDOWSKI Janusz
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Budgets
committee
BUDG
date
2010-07-13T00:00:00
rapporteur
name: SURJÁN László group: European People's Party (Christian Democrats) abbr: PPE
shadows
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committees/0
body
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date
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committee_full
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rapporteur
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council
  • body: CSL type: Council Meeting council: General Affairs meeting_id: 3032 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=3032*&MEET_DATE=13/09/2010 date: 2010-09-13T00:00:00
docs
  • date: 2010-09-13T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE445.963 title: PE445.963 type: Committee draft report body: EP
  • date: 2010-09-14T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2010-250&language=EN title: A7-0250/2010 type: Budgetary report tabled for plenary, 1st reading body: EP
events
  • date: 2010-07-12T00:00:00 type: Commission draft budget published body: EC docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/com/2010/0383/COM_COM(2010)0383_EN.doc title: COM(2010)0383 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2010&nu_doc=383 title: EUR-Lex summary: PURPOSE: presentation of Draft Amending Budget No. 7 to the 2010 general budget – section III – Commission. CONTENT: DAB 7/2010 covers the creation of a new budget item 01 04 01 03 for the guarantee provided by the European Union in accordance with the provisions of Article 122(2) of the Treaty on the Functioning of the European Union (TFEU) and, correspondingly, a new article 802 on the revenue side. On 9 May 2010, the Council decided on a comprehensive package of measures to preserve financial stability in Europe, including a European Financial Stabilisation mechanism based on Article 122(2) of the TFEU. This Article foresees financial support for Member States in difficulties caused by exceptional circumstances beyond Member States’ control. The mechanism will operate without prejudice to the existing facility providing medium term financial assistance for non euro area Member States' balance of payments. To grant this financial assistance the Commission will borrow on the capital markets or with financial institutions on behalf of the European Union. In order to honour its obligations should the debtors default, the Commission may draw on its cash resources to service the debt provisionally. Article 12 of Council Regulation (EC, Euratom) No 1150/2000 of 22 May 2000 implementing Decision 2000/597/EC, Euratom on the system of the Communities’ own resources shall apply. Subsequently, it may be necessary to budget the operation. Reimbursements after an initial default or any other revenue arising from the exercise of rights in connection with the guarantee may also need to be budgeted as revenue. It is therefore proposed to create a new budget item on the expenditure side and a corresponding new budget article on the revenue side as the budget structure for the guarantee provided by the European Union . As it is of use for budgetary items linked to lending operations without a specific guarantee fund, the new item 01 04 01 03 and new article 8 0 2 will receive a token entry (p.m.). If necessary, the Commission will propose to make available the appropriations needed by means of a transfer or an amending budget. DAB No 7 to the 2010 general budget has no financial implications.
  • date: 2010-09-13T00:00:00 type: Council position on draft budget published body: CSL docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=13476%2F10&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC title: 13476/2010 summary: On 13 July 2010, the Commission submitted draft amending budget (DAB) No 7 to the general budget for 2010. This DAB covered the setting up of the budget structure for the European Financial Stabilisation mechanism based on Article 122(2) of the TFEU. A new budget item (01 04 01 03) on the expenditure side and a corresponding new budget article on the revenue side (802) are created, with a token entry (p.m.) for commitment and payment appropriations as well as for revenue. No financial provisions were therefore requested for this DAB. If necessary, the Commission would propose to make available the appropriations needed by means of transfers or amending budgets. The Council reached an agreement on the Commission proposal. On 13 September 2010, the Council adopted its position on draft amending budget No 7 of the European Union for the financial year 2010 as set out in the technical annex to its explanatory memorandum (see Council Doc 13476/10 ADD 1 ).
  • date: 2010-09-13T00:00:00 type: Vote in committee, 1st reading/single reading body: EP summary: The Committee on Budgets adopted the report drafted by László SURJÁN (EPP, HU) which recommends that the European Parliament approve the Council’s position on Draft amending budget No 7/2010 of the European Union for the financial year 2010, Section III- Commission. The committee recalls that this draft amending budget covers the necessary modifications concerning the creation of a new budget item 01 04 01 03 for the guarantee provided by the European Union in accordance with the provisions of Article 122(2) of the Treaty on the Functioning of the European Union and, correspondingly, a new Article 802 on the revenue side. These adjustments shall be formally entered into the 2010 budget.
  • date: 2010-09-13T00:00:00 type: Draft budget approved by Council body: CSL
  • date: 2010-09-14T00:00:00 type: Budgetary report tabled for plenary, 1st reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2010-250&language=EN title: A7-0250/2010
  • date: 2010-09-20T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2010-09-21T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20100921&type=CRE title: Debate in Parliament
  • date: 2010-09-22T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=18834&l=en title: Results of vote in Parliament
  • date: 2010-09-22T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2010-329 title: T7-0329/2010 summary: The European Parliament adopted by 467 votes to 41, with 19 abstentions, a resolution approving unamended the Council’s position on Draft amending budget No 7/2010 of the European Union for the financial year 2010, Section III - Commission. Parliament recalled that this draft amending budget covered the necessary modifications concerning the creation of a new budget item 01 04 01 03 for the guarantee provided by the European Union in accordance with the provisions of Article 122(2) of the Treaty on the Functioning of the European Union and, correspondingly, a new Article 802 on the revenue side. The purpose of the draft amending budget was to formally enter these adju stments into the 2010 budget.
  • date: 2010-09-22T00:00:00 type: End of procedure in Parliament body: EP
  • date: 2010-12-21T00:00:00 type: Final act published in Official Journal summary: PURPOSE: definitive adoption of amending budget No 5 of the European Union for the financial year 2010. LEGISLATIVE ACT: 2010/775/EU, Euratom. CONTENT: the European Parliament has definitively adopted amending budget No 5/2010 of the European Union, in accordance with its resolution of 22 September 2010 (please refer to the summary of the resolution). This amending budget covers the necessary modifications concerning the creation of a new budget item 01 04 01 03 for the guarantee provided by the European Union in accordance with the provisions of Article 122(2) of the Treaty on the Functioning of the European Union and, correspondingly, a new Article 802 on the revenue side. This item is granted a token entry (p.m.). It should be noted this amending budget was initially presented as draft amending budget 7/2010. docs: title: Budget 2010/775 url: http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B[%g]-2010-775&language=EN title: OJ L 337 21.12.2010, p. 0039 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2010:337:TOC
links
other
  • body: EC dg: url: http://ec.europa.eu/dgs/budget/ title: Budget commissioner: LEWANDOWSKI Janusz
procedure/Modified legal basis
Old
Rules of Procedure of the European Parliament EP 150
New
Rules of Procedure EP 150
procedure/dossier_of_the_committee
Old
BUDG/7/03444
New
  • BUDG/7/03444
procedure/subject
Old
  • 8.70.60 Previous annual budgets
New
8.70.60
Previous annual budgets
procedure/title
Old
Amending budget 5/2010: guarantee provided by the EU for financial assistance, new budget item and new article
New
Amending budget 5/2010: guarantee provided by the EU for financial assistance, new budget item and new article
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activities
  • date: 2010-07-12T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2010&nu_doc=383 celexid: CELEX:52010DC0383:EN type: Commission draft budget published title: COM(2010)0383 type: Commission draft budget published body: EC commission: DG: url: http://ec.europa.eu/dgs/budget/ title: Budget Commissioner: LEWANDOWSKI Janusz
  • body: CSL meeting_id: 3032 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=13476%2F10&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC type: Council position on draft budget published title: 13476/2010 council: General Affairs date: 2010-09-13T00:00:00 type: Council Meeting
  • date: 2010-09-13T00:00:00 body: EP committees: body: EP shadows: group: ALDE name: JENSEN Anne E. responsible: True committee: BUDG date: 2010-07-13T00:00:00 committee_full: Budgets rapporteur: group: PPE name: SURJÁN László type: Vote in committee, 1st reading/single reading
  • date: 2010-09-14T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2010-250&language=EN type: Budgetary report tabled for plenary, 1st reading title: A7-0250/2010 body: EP type: Budgetary report tabled for plenary, 1st reading
  • date: 2010-09-20T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP shadows: group: ALDE name: JENSEN Anne E. responsible: True committee: BUDG date: 2010-07-13T00:00:00 committee_full: Budgets rapporteur: group: PPE name: SURJÁN László
  • date: 2010-09-21T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20100921&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament
  • date: 2010-09-22T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=18834&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2010-329 type: Decision by Parliament, 1st reading/single reading title: T7-0329/2010 body: EP type: Results of vote in Parliament
  • date: 2010-12-21T00:00:00 type: Final act published in Official Journal docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B[%g]-2010-775&language=EN title: Budget 2010/775 url: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2010:337:TOC title: OJ L 337 21.12.2010, p. 0039
committees
  • body: EP shadows: group: ALDE name: JENSEN Anne E. responsible: True committee: BUDG date: 2010-07-13T00:00:00 committee_full: Budgets rapporteur: group: PPE name: SURJÁN László
links
other
  • body: EC dg: url: http://ec.europa.eu/dgs/budget/ title: Budget commissioner: LEWANDOWSKI Janusz
procedure
dossier_of_the_committee
BUDG/7/03444
reference
2010/2120(BUD)
title
Amending budget 5/2010: guarantee provided by the EU for financial assistance, new budget item and new article
stage_reached
Procedure completed
subtype
Budget
Modified legal basis
Rules of Procedure of the European Parliament EP 150
type
BUD - Budgetary procedure
final
subject
8.70.60 Previous annual budgets