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ECOFIN

Volume 714: debated on Tuesday 10 November 2009

Statement

My honourable friend the Economic Secretary (Ian Pearson) has made the following Written Ministerial Statement.

I plan to attend the Budget ECOFIN to be held on 19 November in Brussels. Items on the provisional agenda include:

Preliminary draft amending budget No. 10 for 2009—Ministers will be invited to adopt this preliminary draft amending budget, which would amend the 2009 EC Budget to reflect latest implementation capacity and to contribute to financing the second part of the European economic recovery plan.

Letter of Amendment No. 2 to the preliminary draft budget for 2010—Ministers will be invited to discuss this amending letter, which reflects latest information on agricultural prices and other developments influencing future implementation capacity and expenditure. It also provides for appropriations for the second part of the European economic recovery plan, and for continued support to nuclear decommissioning in Bulgaria.

Draft budget for 2010: the council will seek to agree its second reading position on the draft budget in preparation for the subsequent conciliation with the European Parliament. Council will then conclude its second reading and finalise figures for compulsory expenditure (mainly agriculture). The UK will seek a budget that respects the principles of budget discipline and sound financial management, and reflects realistic forecasts for agriculture and structural funds spending.

Proposal to amend the interinstitutional agreement of 17 May 2006 as regards the multiannual financial framework—the council will consider a Commission proposal to revise the ceilings for expenditure set down in the financial framework 2007-13, in order to secure financing for the European economic recovery plan. The UK will seek a financing solution that ensures the required funding for projects, and avoids an increase to the overall financial framework ceiling.