Introductory text

United Kingdom

Decision of the European Parliament and of the Council

of 29 April 2008

amending the Interinstitutional Agreement of 17 May 2006 on budgetary discipline and sound financial management as regard adjustment of the multiannual financial framework

(2008/371/EC)

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Interinstitutional Agreement between the European Parliament, the Council and the Commission of 17 May 2006 on budgetary discipline and sound financial management^f1, and in particular to point 48 thereof,

Having regard to the proposal from the Commission,

Whereas:

(1)

As a result of delays in the adoption of certain operational programmes of headings 1b and 2, EUR 2 034 million in current prices of the allocation provided for the Structural Funds, the Cohesion Fund, Rural Development and the European Fund for Fisheries could not be committed in 2007 nor carried over to 2008. Under point 48 of the Interinstitutional Agreement, this amount must be transferred to subsequent financial years by increasing the corresponding expenditure ceilings for commitment appropriations.

(2)

Annex I of the Interinstitutional Agreement on budgetary discipline and sound financial management should therefore be amended accordingly^f2,

HAVE DECIDED AS FOLLOWS:

Annotations

Footnotes

f1: OJ C 139, 14.6.2006, p. 1. Agreement as amended by Decision 2008/29/EC of the European Parliament and of the Council (OJ L 6, 10.1.2008, p. 7).
f2: For that purpose, the figures in current prices are converted into 2004 prices.