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"As is" reference - not a United Nations document

Source: European Parliament
9 October 2007

Budget 2008: huge increase for Galileo, extra money for Kosovo and Palestine

Budget - 09-10-2007 - 20:15

The Budgets Committee has completed its first-reading vote on the 2008 draft budget. MEPs wish to reduce the amount allocated in the budget to the Common Foreign and Security Policy and to use the flexibility instrument to fund the EU's external policy.

External relations: the EU on the world stage
Parliament has said many times that the funding available for the EU's action outside its borders for the period 2007-2013 is inadequate. The Budgets Committee is proposing to reduce by 20% the funds allocated to the Common Foreign and Security Policy (CFSP) in the budget and to use the €40 million thereby released to finance other objectives in Category 4 ("The EU as a global partner"), which the committee sees as seriously underfunded.
To fund aid to Kosovo and Palestine, MEPs suggest drawing on €87 million via the flexibility instrument.  Of this figure, €40 million would be added to funds already envisaged for the missions to Kosovo and Palestine (to be divided equally between these two objectives).
The flexibility instrument could also be used to fund unforeseen expenditure on the CFSP.  Ultimately, the CFSP would still be allocated €200 million, as originally planned, since the CFSP's €40 million, which could be found via the flexibility instrument, is exactly the same as the cut of 20% proposed by MEPs.  A discussion on the level of funding of Category 4 and other policies would seem to be needed between Parliament and Council, inter alia on these CFSP-related matters.


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