52007PC0786

[pic] | COMMISSION OF THE EUROPEAN COMMUNITIES |

Brussels, 5.12.2007

COM(2007) 786 final

Proposal for a

DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

on the Mobilisation of the Flexibility Instrument

(presented by the Commission)

EXPLANATORY MEMORANDUM

The Interinstitutional Agreement of 17 May 2006[1] allows for the mobilisation of the Flexibility Instrument to allow the financing of clearly identified expenditure which could not be financed within the limits of the ceilings available for one or more headings of the multiannual financial framework.

For budget 2008, additional expenditure, beyond the ceilings of sub-heading 1a and heading 4 is required. It is therefore proposed to mobilise the Flexibility Instrument in accordance with point 27 of the Interinsitutional Agreement.

The amounts to be mobilised are as follows:

- EUR 200 million towards the financing of the European GNSS programmes (EGNOS-GALILEO);

- EUR 70 million for the Common Foreign and Security Policy.

Proposal for a

DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

on the Mobilisation of the Flexibility Instrument

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Interinstitutional Agreement of 17 May 2006 between the European Parliament, the Council and the Commission on budgetary discipline and sound financial management[2], and in particular point 27 thereof,

Having regard to the proposal from the Commission[3],

Whereas:

At the conciliation meeting on 23 November 2007 the two arms of the budgetary authority agreed to mobilise the Flexibility Instrument to complement the financing in the 2008 budget of:

- the European GNSS programmes (EGNOS-GALILEO) for an amount of EUR 200 million;

- the Common Foreign and Security Policy for an amount of EUR 70 million.

HAVE DECIDED AS FOLLOWS:

Article 1

For the general budget of the European Union for the financial year 2008 (hereinafter “the 2008 budget”), the flexibility instrument shall be used to provide the sum of EUR 270 million in commitment appropriations.

These amounts shall be used to complement the financing of:

- the European GNSS programmes (EGNOS-GALILEO) for an amount of EUR 200 million, under article 06 02 10 Galileo Programme in Sub-Heading 1a;

- the Common Foreign and Security Policy for an amount of EUR 70 million, under chapter 19 03 in Heading 4.

Article 2

This decision shall be published in the Official Journal of the European Union at the same time as the 2008 budget.

Done at Brussels,

For the European Parliament For the Council

The President The President

[1] OJ C 139, 14.06.2006, p. 1

[2] OJ C 139, 14.06.2006, p. 1.

[3] OJ […]