Funding the ITER project in 2012
(NewDesignWorld Press Center) - Brussels - Following the 13 December 2011 agreement between the two branches of the budgetary authority (Council and Parliament), the Commission has adopted a draft amending budget to meet part of this year's financial needs for the ITER project (€ 650 million) without asking Member States for additional contributions.
The break down of the extra €1.3 billion needed for ITER in 2012 and 2013 is as follows:
€ 100 million included in the 2012 budget;
€ 840 million covered through an increase in the part of the budget dedicated to Competitiveness for Growth and Employment (from which ITER is financed): € 650 million in 2012 and € 190 million in 2013. These needs were covered by the reducing the 2011 ceilings for agriculture and for administration by € 450 million and € 243 million respectively and the 2012 ceiling for administration by € 147 million;
€ 360 million to be made available in the 2013 budget;
Today's draft amending budget is to materialise an important part of the deal that increases the commitment appropriations by € 650 million through the change of the current multiannual limits.
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