Slovenia's Contribution to EU Budget Cut by EUR 5m

Slovenia's contribution to this-year's EU budget will be EUR 5m lower than planned, the European Commission said on Friday. Because of the 2006 surplus and due to active budget management the surplus in the EU budget is to amount to EUR 1.8bn this year, thus cutting the members' payments.

The surplus in the EU budget has been decreasing. In 2005 it was EUR 1.077bn, while in 2006 around 1% of the budget, some EUR 950m, was not spent.
The commission also said that the management of the budget would be especially important in 2007, because this was the first year of the 2007-2013 financial perspective.
In the first years of a new perspective projects and programmes are usually being drafted, increasing the possibility of lower expenditure, and the actual spending of the budget money follows later.

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