movements in gross national product (GNP) and prices:

The Commission will make these technical adjustments on the basis of the most recent economic data and forecasts available The results of such adjustments and the underlying economic forecasts will be communicated to the two arms of the budgetary authority.

No further technical adjustments will be made in respect of the year concerned, either during the year or as expost corrections during subsequent years.

Adjustments connected with the conditions of implementation

10. When notifying the two arms of the budgetary authority of the technical adjustments to the financial perspective, the Commission will present any proposals for adjustments to the total appropriations for payments which it considers necessary, in the light -of the conditions of implementation, to ensure an orderly progression in relation to the appropriations for commitments.

The two arms of the budgetary authority, acting on a proposal from the Commission, undertake to authorize the transfer to subsequent years, in excess of the corresponding ceilings on expenditure, allocations for the programs referred to in paragraph 21 not used in the previous year.

The European Parliament and the Council will take decisions on these proposals before I May of year t, in accordance with the majority voting rules laid down in the fifth subparagraph of Article 203(9) of the Treaty.

C. Revision of the financial perspective

11. In addition to the regular technical adjustments and adjustments in line with the conditions of implementation, the financial perspective may be revised in compliance with the own resources ceiling, on a proposal from the Commission, if unforeseen measures have to be initiated.

12. As a general rule, any such proposal for revision must be presented and adopted before the start of the budgetary procedure for the year or the first of the years concerned.

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