CHAPTER 1General provisions

Article 6Technical adjustments

1

Each year the Commission, acting ahead of the budgetary procedure for year n+1, shall make the following technical adjustments to the MFF:

a

revaluation, at year n+1 prices, of the ceilings and of the overall figures for appropriations for commitments and appropriations for payments;

b

calculation of the margin available under the own-resources ceiling set in accordance with Decision 2007/436/EC, Euratom;

c

calculation of the absolute amount of the Contingency Margin provided for in Article 13;

d

calculation of the global margin for payments provided for in Article 5;

e

calculation of the global margin for commitments provided for in Article 14F1;

F2f

calculation of the amounts to be made available to the Flexibility Instrument under the second subparagraph of Article 11(1).

2

The Commission shall make the technical adjustments referred to in paragraph 1 on the basis of a fixed deflator of 2 % per year.

3

The Commission shall communicate the results of the technical adjustments referred to in paragraph 1 and the underlying economic forecasts to the European Parliament and the Council.

4

Without prejudice to Article 7 and 8, no further technical adjustments shall be made in respect of the year concerned, either during the year or as ex-post corrections during subsequent years.