2012 EU budget
National contributions could rise due to lower customs revenues
By Gaspard Sebag | Thursday 21 June 2012
Total national contributions to the EU budget should go up by €1.47 billion in 2012 mainly due to a decrease in the revenues from customs duties, says the European Commission, which published, on 20 June, draft amending budget (DAB) 4. The two arms of the budgetary authority – Council and Parliament – now have to reach a common ground. The EU executive’s estimations have not always proven correct at the end of the year, recalls one source.
On the basis of its spring economic forecast, the Commission projects that total 2012 net customs duties (including duties on agricultural products) will go down €1.52 billion to €17.65 billion after deduction of 25% in collection costs. This represents a 7.9% decrease relative to the May 2011 forecast of €19.17 billion. The main reason for this decrease is lower estimated average tariff (1.32% instead of 1.45%).
1.47 BILLION EURO MISSING
In the meantime, the value added tax-based own resource increased slightly by €47 million to €14.55 billion and the forecast sugar sector levies remained unchanged. The cumulative effect of these changes means that the Commission has requested an increase of the GNI-based (gross national income) own resource, ie national contributions, by €1.47 billion.
DAB 4 also contains updates of the UK rebate concerning the years 2008, 2010 and 2011. The amount for 2011 has increased by €175 million, while the amounts for 2008 and 2010 have decreased by €31 million and €211 million, respectively. Thus, over these three years, the UK rebate went down by €67 million in total. n