5 Draft Budget 2011
| (31644)
—
SEC(10) 473
| Statement of estimates of the European Commission for the financial year 2011 (Preparation of the 2011 Draft Budget)
|
| Legal base | Article 314 TFEU; co-decision; QMV
|
| Deposited in Parliament | 1 June 2010
|
| Department | HM Treasury
|
| Basis of consideration | EM of 17 June 2010
|
| Previous Committee Report | None
|
| Discussion in Council | 15 July 2010
|
| Committee's assessment | Politically important
|
| Committee's decision | For debate on the Floor of the House
|
Background
5.1 The Commission's Draft Budget (DB) is the first stage in the
annual process of establishing the EU's budget for the following
year. The 2011 DB sets out the Commission's proposals for EU expenditure
in 2011, together with bids for the other institutions, such as
the European Parliament. It provides the basis for negotiations
between the two arms of the Budgetary Authority (the Council and
the European Parliament), which will result in the adoption of
the General Budget by the end of 2010.
5.2 The 2011 Budget will be the first to be adopted
according to a new procedure introduced by the Lisbon Treaty.
The ECOFIN Council will negotiate and agree its first reading
position on the DB on 24 July 2010 (the TFEU requires the Council
to complete this stage by 1 October), which will then be forwarded
to the European Parliament. The European Parliament will in turn
discuss and agree its first reading position by mid-October 2010
(the TFEU deadline is 42 days after the Council adopts its position).
If it proposes further amendments to those made by the Council,
a conciliation committee would be convened to meet over 21 days,
largely in late October and early November, with the aim of reaching
agreement on the 2011 Budget. This will be subject to separate
approval by both the Council and the European Parliament, after
which the EU's Budget for 2011 will be deemed to have been adopted.
The document
5.3 The context for the DB is determined by the multi-annual
Financial Framework, which sets out annual ceilings for the five
permanent and one temporary headings of budget expenditure: sustainable
growth, preservation and management of natural resources, citizenship,
freedom, security and justice, the EU as a global player, administration
and compensation (temporary measures for Bulgaria and Romania
in their first years of accession, which no longer apply). The
DB for 2011 is the fifth of the 2007-2013 Financial Framework.
5.4 The DB is presented in Activity-Based Budgeting
(ABB) format, with budget appropriations, resources and staff
allocations organised by activity. As part of the 2011 DB the
Commission has also published Activity Statements providing performance
information for each activity. These present specific objectives,
planned outputs and performance measures at the level of individual
budget lines as well as higher-level activity areas, in line with
ABB. The 2011 DB presents a Budget Memorandum for the second time.
This thematic overview of the Activity Statements aims to highlight
operational policies and activities financed by the EU budget
in support of the Europe 2020 Strategy, designed to promote smart,
sustainable and inclusive growth.[18]
5.5 As is usual, the DB (previously the Preliminary
Draft Budget) consists of a General Statement of Revenue and draft
estimates of required appropriations for the EU institutions:
European Parliament, Council, Office of the President of the Council
(the latter two being treated as one institution for the purpose
of establishing the budget), Commission, Court of Justice, Court
of Auditors, Economic and Social Committee, Committee of the Regions,
European Ombudsman and European Data Protection Supervisor. Once
the establishment of the new European External Action Service
is agreed, there will also be a draft estimate of required appropriations
for that new institution, as well as amendments to the draft estimates
of the Commission and Council, to reflect the transfer of functions
from those institutions to the External Action Service.
OVERVIEW AND SUMMARY OF THE FIGURES
5.6 The Commission explains that its key objectives
with the DB are:
- to support the EU economy in
recovery from the economic and financial crisis; and
- to help EU citizens by reinforcing economic growth
and employment opportunities.
Allied to this, the DB also reflects the objectives
of smart, sustainable and inclusive growth as identified in the
Europe 2020 Strategy.
5.7 The Commission proposes commitment appropriations[19]
of €142,565 million (£121,180 million).[20]
This is 1.14% of EU Gross National Income (GNI) and an increase
in commitment appropriations of €1,073 million (£912
million) or 0.8% above 2010 levels.[21]
For payment appropriations the Commission proposes €130,136
million (£110,616 million), or 1.04% of EU GNI. This represents
an increase of €7,179 million (£6,102 million) or 5.8%
in comparison to the 2010 Budget. The margin under the Financial
Framework ceiling is €1,236 million (£1,051 million)
for commitment appropriations and €4,429 million (£3,765
million) for payment appropriations. Tables summarising the key
figures of the 2011 DB, in both euros and sterling are annexed.
THE INDIVIDUAL EXPENDITURE HEADINGS
Heading 1: Sustainable Growth
5.8 Overall, proposed expenditure under Heading 1
is €64,407 million (£54,746 million) for commitment
appropriations and €54,651 million (£46,453 million)
for payment appropriations, leaving a margin of €67 million
(£57 million) under the Financial Framework ceiling for commitment
appropriations. Heading 1 is divided into two sub-headings —
Sub-Heading 1a (Competitiveness for Growth and Employment) and
Sub-Heading 1b (Cohesion for Growth and Employment).
Sub-Heading 1a: Competitiveness for Growth and
Employment
5.9 The Commission proposes €13,437 million
(£11,421 million) for commitment appropriations and €12,110
million (£10,294 million) for payment appropriations. Compared
to the 2010 Budget this represents a decrease of €1,426 million
(£1,212 million), or 9.6% in commitment appropriations and
an increase of €766 million (£651million), or 6.8% in
payment appropriations. Major changes are:
- an increase of €1,044
million (£887 million) or 13.8% in commitment appropriations
and €644 million (£547 million) or 10.1% in payment
appropriations, for the Seventh Research Framework Programme (including
completion of the Sixth Research Framework Programme);
- an increase of €182 million (£155 million)
or 16.8% in commitment appropriations and €3.5 million (£3
million) or 0.4% in payment appropriations for the Trans-European
Networks;
- no commitment appropriations are budgeted for
energy infrastructure projects under the European Economic Recovery
Plan, as all the relevant commitment appropriations were made
in the 2009 and 2010 Budgets — however, there is an increase
in payment appropriations of €47 million (£40 million)
or 4.6% to reflect the implementation of the projects;
- a decrease of €698 million (£593 million)
or 78.1% in commitment appropriations and an increase of €101
million (£86 million) or 22.2% in payment appropriations
for EGNOS and Galileo (the two parts of the EU's geostationary
navigation satellite system); and
- an increase of €23 million (£20 million)
or 4.4% in commitment appropriations and a decrease of €40
million (£34 million) or 11.1% in payment appropriations
for the Competitiveness and Innovation Framework Programme.
Sub-Heading 1b: Cohesion for Growth and Employment
5.10 The Commission proposes commitment appropriations
of €50,970 million (£43,325 million) and payment appropriations
of €42,541 million (£36,160 million). These represent
an increase of €1,584 million (£1,346 million) or 3.2%
in commitment appropriations and an increase of €6,157 million
(£5,233 million) or 16.9% in payment appropriations relative
to the 2010 Budget. The proposed increase in payments appropriations
within the sub-heading is largely due to individual increases
of:
- €3,312 million (£2,815
million) or 14.7% under the convergence objective;
- €1,740 million (£1,479 million) or
28.5% under the regional competitiveness and employment objective;
- €222 million (£189 million) or 27.1%
under the European territorial cooperation objective; and
- €898m (£763m) or 13.1% under the Cohesion
Fund.
Heading 2: Preservation and Management of Natural
Resources
5.11 The Commission proposes commitment appropriations
of €59,486 million (£50,563 million) and payment appropriations
of €58,136 million (£49,416 million). These represent
a decrease of €13 million (£11 million) or nearly 0%
for commitment appropriations and an increase of €0.04 million
(£0.04 million) or nearly 0% for payment appropriations compared
to the 2010 Budget. The DB reserves a margin of €852 million
(£724 million) under the Financial Framework ceiling for
commitment appropriations. While expenditure on rural development,
market related expenditure and direct aids remains relatively
steady compared to 2010 levels, there is an increase of €27
million (£23 million) or 8.7% in commitment appropriations
and €52 million (£44 million) or 24.3% in payment appropriations
for the Life+ (the Financial Instrument for the Environment) programme.
And expenditure on "other actions and programmes" decreases
by €39 million (£33 million) or 88.7% in commitment
appropriations and €19 million (£16 million) or 45.5%
in payment appropriations.
Heading 3: Citizenship, Freedom, Security and
Justice
5.12 Proposed expenditure under Heading 3 is €1,803
million (£1,533 million) for commitment appropriations and
€1,492 million (£1,268 million) for payment appropriations.
This represents increases in commitment appropriations of €129
million (£109 million) or 7.7%, and in payment appropriations
of €94 million (£80 million) or 6.7% relative to the
2010 Budget. The DB leaves a margin of €86 million (£73
million) under the Financial Framework ceiling for commitment
appropriations. Heading 3 is divided into two sub-headings —
Sub-Heading 3a (Freedom, Security and Justice) and Sub-Heading
3b (Citizenship).
Sub-Heading 3a: Freedom, Security and Justice
5.13 The Commission proposes commitment appropriations
of €1,135 million (£965 million) and payment appropriations
of €853 million £725 million). This represents an increase
of €129 million (£109 million) or 12.8% for commitment
appropriations and €114 million (£97 million) or 15.4%
for payment appropriations. This leaves a margin of €71 million
(£60 million) under the Financial Framework ceiling. The
changes to commitment and payment appropriations within the sub-heading
include:
- increases of €95 million
(£81 million) or 18.5% in commitment appropriations and €82
million (£70 million) or 23.4% in payment appropriations
for solidarity and the management of migration flows;
- an increase of €26 million (£22 million)
or 24.4% in commitment appropriations and a decrease of €7
million (£6 million) or 9.5% in payment appropriations for
security and safeguarding liberties; and
- increases of €13 million (£11 million)
or 5.3% in commitment appropriations and €27 million (£23
million) or 12.8% in payment appropriations for decentralised
agencies.
Sub-Heading 3b: Citizenship
5.14 The Commission propose €668 million (£568
million) for commitment appropriations and €639 million (£543
million) for payment appropriations. This represents a decrease
of €0.2 million (£0.2 million) or nearly 0% for commitment
appropriations and of €20 million (£17 million) or 3.1%
for payment appropriations relative to the 2010 Budget. This leaves
a margin below the Financial Framework ceiling for commitment
appropriations of €15 million (£13 million). The main
changes under this sub-heading are:
- an increase of €8 million
(£7 million) or 7.8% and €8 million (£7 million)
or 8.2% in commitment appropriations and payment appropriations
respectively for Media 2007;
- decreases of €4 million (£3 million)
or 12.2% and €2 million (£2 million) or 7.1% in commitment
and payment appropriations respectively for the Europe for Citizens
programme; and
- a net decrease of €10 million (£9 million)
or 23.2% in commitment appropriations and €52 million (£44
million) or 54.2% in payment appropriations for "other actions
and programmes", including an individual decrease of €12
million (£10 million) or 41.9% and €9 million (£8
million) or 30.8% in commitment and payment appropriations respectively
for expenditure on education and culture.
Heading 4: The EU as a Global Player
5.15 The Commission proposes €8,614 million
(£7,322 million) in commitment appropriations and €7,602
million (£6,462 million) in payment appropriations. This
represents an increase of €453 million (£385 million)
or 5.6% in commitment appropriations and a decrease of €186
million (£158 million) or 2.4% in payment appropriations
relative to the 2010 Budget. There is a margin of €70 million
(£60 million) below the Financial Framework ceiling for commitment
appropriations. The main changes under this heading include:
- an increase of €210 million
(£179 million) or 13.2% in commitment appropriations and
a decrease of €269 million (£229 million) or 15.1% in
payment appropriations for the Instrument for Pre-Accession Assistance;
- increases in both commitment and payment appropriations
of €99 million (£84 million) or 3.9% and €195 million
(£166 million) or 9.4% respectively for the Development Cooperation
Instrument;
- increases in both commitment and payment appropriations
of €71 million (£60 million) or 32.2% and €16 million
(£14 million) or 8.2% respectively for the Instrument for
Stability;
- increases in both commitment and payment appropriations
of €45 million (£38 million) or 48% for EU guarantees
for lending operations; and
- decreases in both commitment and payment appropriations
of €159 million (£135 million) or 74% and €186
million (£158 million) or 40.7% respectively for development
and relations with African, Caribbean and Pacific states.
Heading 5: Administration
5.16 The Commission proposes commitment appropriations
of €8,255 million (£7,017 million) and payment appropriations
of €8,256 million (£7,018 million). This represents
an increase of €346 million (£295 million) in commitment
appropriations, €348 million (£296 million) in payment
appropriations and 4.4% in both in comparison to the 2010 Budget.
There is a margin of €161 million (£137 million) under
the Financial Framework ceiling for commitment appropriations.
The increase in commitment and payment appropriations is accounted
for by increases of:
- €104 million (£88
million) in commitment appropriations and €106 million (£90
million) in payment appropriations, or 2.9% in both, for the Commission;
- €141 million (£120 million) or 4.8%
in both commitment and payment appropriations for the other institutions;
- €82 million (£70 million) or 6.9% in
both commitment and payment appropriations for pensions across
all the institutions; and
- €19 million (£16 million) or 12.5%
in both commitment and payment appropriations for the European
Schools.
The Government's view
5.17 The Economic Secretary to the Treasury (Justine
Greenaway), whilst commenting that EU expenditure has a role to
play in supporting economic recovery throughout the EU and in
boosting competitiveness and growth, tells us that the Government
is, however, very concerned by the proposed increase in payment
appropriations of 5.8% in the DB. She says that:
- at a time of fiscal consolidation
throughout the EU, with Member States' governments reducing public
spending to bring down budget deficits, the Government does not
consider it appropriate for the 2011 Budget to increase as proposed;
- the Government will therefore be proposing that
the 2011 Budget remains at cash levels equivalent to the 2010
Budget;
- while there is a limit to the amount of change
that can be made to the annual expenditure of co-decided multiannual
programmes, whose financial envelopes are established in separate
legislative acts, the Government will nevertheless work to control
growth in the EU Budget;
- it will do this through pushing for payment appropriations
levels based on realistic implementation forecasts, bearing in
mind absorption capacity on the ground, and through close questioning
of proposed increases for which the Commission's DB does not provide
sufficient justification; and
- the Government will, at the same time, push for
greater value for money in EU expenditure, as well as advocating
adequate budget margins below the Financial Framework ceilings,
both to ensure the Framework is protected and to provide sufficient
flexibility for unexpected and urgent demands in-year.
5.18 The Minister then gives us an outline of the
Government's initial intended approach towards the DB, saying
that:
- for Sub-Heading 1a (Competitiveness
for Growth and Employment) the Government supports effective EU
Budget expenditure that supports low-carbon and sustainable economic
recovery and growth;
- EU expenditure under this sub-heading can add
value in areas such as fostering competitiveness, innovation,
research and development, and mobility;
- the Government supports effective EU Budget expenditure
towards efficient, sustainable and safe transport systems in Europe;
- the Government will maintain its focus on budget
discipline and the need for budgeted payment appropriation levels
based on credible implementation rates;
- for Sub-Heading 1b (Cohesion for Growth and Employment)
the Government notes the sharp rise in the levels of payment appropriations
budgeted under this sub-heading;
- while accelerated implementation of the Structural
and Cohesion Funds was to be expected in 2011, the fifth year
of the programming period, the Government will push to ensure
that budgeted levels are realistic and reflect actual absorption
capacity;
- for Heading 2 (Preservation and Management of
Natural Resources) the Government does not believe that interventions
in agricultural markets and direct aids are good value for money
for the British taxpayer;
- with that in mind, the Government will scrutinise
closely all of the Commission's proposals in this area, to ensure
they are realistic and adequately justified;
- for Heading 3 (Citizenship, Freedom, Security
and Justice) the Government believes that effective EU expenditure
under this heading can add value in addressing common challenges
such as migration, organised and cross-border crime, the prevention
and suppression of terrorism, and challenges linked to health
issues;
- it does this through supporting practical, operational
cooperation between Member States on specific projects, as well
as cooperation between Member States and third countries;
- the Government will maintain its focus on real
implementation rates under this heading, to bear down on any over-budgeting;
- for Heading 4 (The EU as a Global Player) the
Government believes that EU expenditure under this heading should
focus on security, stability and poverty reduction;
- adequate EU funding is especially important to
achieve these aims in fragile states around the world, as well
as in the EU's neighbourhood;
- sufficient funding must also be focused on tackling
climate change, which can be a source of instability;
- there should be an increased emphasis on development
objectives, including reaching the Millennium Development Goals
in poorer countries and regions;
- for Heading 5 (Administration) the Government
does not believe that the overall increase of 4.4% in this heading
is justified;
- now more than ever, it is important for EU institutions
and agencies to deliver efficiency savings, better value for money
and cost reductions; and
- accordingly, the Government will push for substantial
reductions in this heading.
Conclusion
5.19 As always the EU Budget has significant financial
and policy implications and the UK has a substantial interest
and role in scrutinising the Draft Budget (DB), not least because
of the large sums involved and the UK's position as a large net
contributor — it is in the UK's interest to restrict budget
growth and ensure efficient use of resources. As is customary,
we recommend that the DB be debated. Given the importance of budgetary
restraint at this time we recommend also that this debate should
be on the Floor of the House and should last three hours.
5.20 In the debate Members may wish to examine
the Government's objectives for the forthcoming budget negotiations,
as outlined by the Minister, particularly in relation to the size
of the overall increase proposed, and the continuing issue of
absorption and implementation capacity and its relationship to
budgetary surpluses.
Annex: Draft Budget 2011 (€
million)
| Heading
| FF Ceiling (1)
| 2011 Draft Budget
| 2010 Budget1
| Difference 2010 budget - 2011 draft budget
| Difference 2010 budget - 2011 draft budget %
|
|
| CA(2)
| PA(3)
| CA
| PA
| CA
| PA
| CA
| PA
|
| 1. Sustainable Growth
1a. Competitiveness for Growth and Employment
Margin2
1b. Cohesion for Growth and Employment
Margin
| 63.974
12,987
-
50,987
-
| 64,407
13,437
50
50,970
17
| 54,651
12,110
-
42,541
-
| 64,249
14,863
-196
49,387
1.4
| 47,727
11,343
-
36,384
-
| 157.5
-1,426
-
1,584
-
| 6,923
766
-
6,157
-
| 0.2
-9.6
-
3.2
-
| 14.5
6.8
-
16.9
-
|
| 2. Preservation and Management of Natural Resources
Margin
Of which: market related expenditure and direct aids
| 60,338
-
47,617
| 59,486
852
43,747
| 58,136
-
43,657
| 59,499
456
43,820
| 58,136
-
43,701
| -12.6
-
-72.4
| 0.044
-
-44.4
| 0
-
-0.2
| 0
-
-0.1
|
| 3. Citizenship, Freedom, Security and Justice
3a. Freedom, Security and Justice
Margin
3b. Citizenship
Margin
| 1,889
1,206
-
683
-
| 1,803
1,135
70.7
667.8
15
| 1,492
852.6
-
639
-
| 1,674
1,006
18.5
668
0
| 1,398
739
-
659
-
| 128.6
128.8
-
-0.183
-
| 93.6
114
-
-20
-
| 7.7
12.8
-
0
-
| 6.7
15.4
-
-3.1
-
|
| 4. European Union as a Global Player
Margin3
| 8,430
-
| 8,614
70
| 7,602
-
| 8,160
(-18)
| 7,788
-
| 453.3
-
| -186
-
| 5.6
-
| -2.4
-
|
| 5. Administration
Margin4
| 8,334
-
| 8,255
161
| 8,256
-
| 7,909
53
| 7,908
-
| 346.5
-
| 348
-
| 4.4
-
| 4.4
-
|
| TOTAL (4)
Margin
| 142,965
-
| 142,565
1,236
| 130,136
-
| 141,492
528
| 122,957
-
| 1,073
-
| 7,179
-
| 0.8
-
| 5.8
-
|
| Appropriations as a percentage of EU GNI
| 1.14% | 1.14%
| 1.04% | 1.17%
| 1.02% | -
| - | -
| - |
1 The 2010 Budget
figures represent the Adopted Budget, as well as the four draft
amending budgets to the 2010 Budget, three of which are still
subject to agreement by the budgetary authority.
2 The margin for
Heading 1 (subheading 1a) does not take into account €500m
in appropriations for the European Globalisation Adjustment Fund,
a contingency fund that sits above the Financial Framework ceilings.
3 The margin for
Heading 4 does not take into account €253.9m appropriations
for the Emergency Aid Reserve, a contingency reserve that sits
above the Financial Framework ceilings.
4 For calculating
the margin of Heading 5, account is taken of the footnote (1)
of the financial framework 2007-2013 for an amount of €82m
for the staff contributions to the pension scheme.
(1) FF = Financial Framework (2) CA = Commitment
Appropriations (3) PA = Payment Appropriations (4) Due to
rounding, the sum of the lines may not equal the total
Draft Budget 2011 (£ million)
| Heading
| FF Ceiling (1)
| 2011 Draft Budget
| 2010 Budget1
| Difference 2010 budget - 2011 draft budget
| Difference 2010 budget - 2011 draft budget %
|
|
| CA(2)
| PA(3)
| CA
| PA
| CA
| PA
| CA
| PA
|
| 1. Sustainable Growth
1a. Competitiveness for Growth and Employment
Margin2
1b. Cohesion for Growth and Employment
Margin
| 54,378
11,039
-
43,339
-
| 54,746
11,421
43
43,325
14
| 46,453
10,294
-
36,160
-
| 54,612
12,634
-167
41,979
1.2
| 40,568
9,642
-
30,926
-
| 134
-1,212
-
1,346
-
| 5,885
651
-
5,233
-
| 0.2
-9.6
-
3.2
-
| 14.5
6.8
-
16.9
-
|
| 2. Preservation and Management of Natural Resources
Margin
Of which: market related expenditure and direct aids
| 51,287
-
40,474
| 50,563
724
37,185
| 49,416
-
37,108
| 50,574
388
37,247
| 49,416
-
37,146
| -11
-
62
| 0.037
-
38
| 0
-
-0.2
| 0
-
- 0.1
|
| 3. Citizenship, Freedom, Security and Justice
3a. Freedom, Security and Justice
Margin
3b. Citizenship
Margin
| 1,606
1,025
-
581
-
| 1,533
965
60
568
13
| 1,268
725
-
543
-
| 1,423
855
16
568
0
| 1,188
628
-
560
-
| 109
109
-
0.2
-
| 80
97
-
17
-
| 7.7
12.8
-
0
-
| 6.7
15.4
-
-3.1
-
|
| 4. European Union as a Global Player
Margin3
| 7,166
-
| 7,322
60
| 6,462
-
| 6,936
15
| 6,620
-
| 385
-
| -158
-
| 5.6
-
| -2.4
-
|
| 5. Administration
Margin4
| 7,084
-
| 7,017
137
| 7,018
-
| 6,723
45
| 6,722
-
| 295
-
| 296
-
| 4.4
-
| 4.4
-
|
| TOTAL (4)
Margin
| 121,520
-
| 121,180
1,051
| 110,616
-
| 120,268
-
| 104,514
-
| 912
-
| 6,102
-
| 0.8
-
| 5.8
-
|
| Appropriations as a percentage of EU GNI
| 1.14% | 1.14%
| 1.04% | 1.17%
| 1.02% | -
| - | -
| - |
1 The 2010 Budget
figures represent the Adopted Budget, as well as the four draft
amending budgets to the 2010 Budget, three of which are still
subject to agreement by the budgetary authority.
2 The margin for
Heading 1 (subheading 1a) does not take into account £425m
in appropriations for the European Globalisation Adjustment Fund,
a contingency fund that sits above the Financial Framework ceilings.
3 The margin for
Heading 4 does not take into account £216m appropriations
for the Emergency Aid Reserve, a contingency reserve that sits
above the Financial Framework ceilings.
4 For calculating
the margin of Heading 5, account is taken of the footnote (1)
of the financial framework 2007-2013 for an amount of €82m
for the staff contributions to the pension scheme.
(1) FF = Financial Framework (2) CA = Commitment
Appropriations (3) PA = Payment Appropriations (4) Due to
rounding, the sum of the lines may not equal the total
18 (31373) 7110/10: see HC 5-xiv (2009-10), chapter
1 (17 March 2010) and Stg Co Debs, European Committee B,
22 March 2010, cols. 3-28. Back
19
The budget distinguishes between appropriations for commitments
and appropriations for payments. Commitment appropriations are
the total cost of legal obligations that can be entered into during
the current financial year, for activities that, in turn, will
lead to payments in the current and future years. Payment appropriations
are the amounts of money that are available to be spent during
the year arising from commitments in the budget for the current
or preceding years. Unused payment appropriations may, in exceptional
circumstances, be carried forward into the following year. Back
20
This and all subsequent sterling figures in this chapter have
been converted at the rate on 28 May 2010 of €1=£0.850. Back
21
Throughout this chapter the figures for the 2010 budget are those
of the adopted budget, as amended by Draft Amending Budgets 1-4,
that is (31434) 7830/10 and (31435) 7831/10, see HC 5-xvi (2009-10),
chapter 11 (30 March 2010 and (31487) 8434/10 and (31506) 8729/10,
see chapter 81 of this report. Back
|
