Draft amending budget N° 2 to the general budget 2018 entering the surplus of the financial year 2017
1. On April 16th 2018 the European Commission transmitted its Draft Amending Budget (DAB) No. 2 to the General Budget 2018 (DAB2/2018), which budgets the surplus revenue resulting from the implementation of the 2017 European Union Budget.
2. In line with established practice, the document presents a figure for the surplus revenue arising from the implementation of the 2017 budget. The figure reported is €0.556 billion (£0.493 billion ). This surplus is the result of the EU spending €0.217 billion (£0.192 billion) less than expected and raising €0.339 billion (£0.300 billion) more than expected.
3. Entering this surplus into the 2018 EU Budget will reduce the amount to be financed by Member State contributions to that budget. Final Member State contributions to the 2018 EU Budget will also be influenced by other factors, such as the amount of customs and other duties collected, VAT based contributions to the EU and GNI forecasts.