Keywords
Summary

Keywords

ACTION FOR A DECLARATION THAT A MEASURE IS VOID - NATURAL OR LEGAL PERSONS - MEASURES OF DIRECT AND INDIVIDUAL CONCERN TO THEM - MEASURES FORMING PART OF THE BUDGET PROCEDURE

( EEC TREATY , ART . 173 ; FINANCIAL REGULATION OF 21 DECEMBER 1977 , ART . 1 ( 1 ))

Summary

AS IS CLEAR FROM ARTICLE 1 ( 1 ) OF THE FINANCIAL REGULATION , WHICH DEFINES THE BUDGET AS THE INSTRUMENT WHICH SETS OUT FORECASTS OF , AND AUTHORIZES IN ADVANCE , THE EXPECTED REVENUE AND EXPENDITURE OF THE COMMUNITIES FOR EACH YEAR , THE PROCEDURE FOR THE APPROVAL OF THE BUDGET LEADS ONLY TO THE AUTHORIZATION OF THE COMMITMENT OF EXPENDITURE . CONSEQUENTLY , A NATURAL OR LEGAL PERSON CANNOT UNDER ANY CIRCUMSTANCES BE DIRECTLY CONCERNED BY THE STEPS IN THAT PROCEDURE . SUCH A PERSON MAY BE DIRECTLY CONCERNED ONLY BY THE MEASURES TAKEN TO IMPLEMENT THE BUDGET .