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ECSC: COMMISSION PROPOSES DRAFT EURO 190MILLION BUDGET FOR 2001.

The budgetary approach from 1998 onwards has been to finance all the requirements identified for social aid and to adjust the level of research aid in order to ensure optimum continuity of financing. Any change in resources in the ECSC operating budget will thus be dictated mainly by the level of internal revenue (net balance), the cancellation of commitments and the rate of implementation of the provision to finance the ECSC operating budget.At all events, the projections reveal that the provisions set up will be sufficient to keep budgetary activity, up to expiry of the Treaty, at a level commensurate with the social and research aid requirements so far identified while complying with the Commission's target for the level of reserves for 23 July 2002.Resources.It is assumed that the ECSC levy will be 0% in 2001. ECSC resources will then consist of the net balance, miscellaneous revenue, cancellations of commitments and, finally, funds drawn from the provisions to finance the operating budget.The net balance for 2001 is estimated at Euro 48 million. This estimate takes account of the volume of investments and the assumed changes in interest rates. The miscellaneous revenue relates to debt repayments of an estimated Euro 3 million for 2001. The cancellation of commitments not likely to be implemented is estimated to come to Euro 36 million. Finally, to balance this budget, Euro 103 million will have to be withdrawn from the provisions which were set up as a precaution to offset the disappearance of the levy.Requirements.The Commission proposed Euro 5 million for administrative expenditure; Euro 109 million for social aid. Of this Euro 80 million is for traditional redeployment aid, comprising Euro 41 million for actual redundancies in 2000 and Euro 39 million in 2001, so that an adjustment can be made with a view to the expiry of the Treaty. Euro 29 million is earmarked for social measures in the coal industry.The indicative breakdown of redeployment aid is Euro 55 million for coal workers and Euro 25 million for steel workers; Euro 76 million for research expenditure broken down into Euro 54 million for steel and Euro 22 million for coal. The breakdown of research funding which prevailed up to 2000 (69% steel, 31% coal) will be altered slightly (to 71% steel, 29% coal), as a gradual step towards the post-2002 target accepted by the Council (72.8% steel, 27.2% coal). The indicative amounts for technical research projects in connection with nuisances at the workplace and around steel plants will be around Euro 4 million while the amounts for research projects in connection with industrial hygiene and mine safety will come to around Euro 3 million.Research.Coal research is concentrated on effective protection of the environment and increasing public awareness of the role of coal as an energy source, improving the competitiveness of coal and the rational use of Community resources. Technical research projects involving industrial hygiene and mine safety, which were initially financed by the ECSC social research programmes, will be financed from this heading, depending on the quality of the proposals; an indicative amount of around Euro 3 million is earmarked.

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Publication:Europe Energy
Date:Jun 30, 2000
Words:527
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