1

The administrative expenditure of the European Coal and Steel Community and the revenue relating thereto, the revenue and expenditure of the European Economic Community, and the revenue and expenditure of the European Atomic Energy Community, with the exception of that of the Supply Agency and the Joint Undertakings, shall be shown in the budget of the European Communities in accordance with the appropriate provisions of the Treaties establishing the three Communities. This budget, which shall be in balance as to revenue and expenditure, shall take the place of the administrative budget of the European Coal and Steel Community, the budget of the European Economic Community and the operating budget and research and investment budget of the European Atomic Energy Community (*).

(*)

Paragraph 1 as amended by Article 10 of the Treaty amending Certain Budgetary Provisions.

2

The portion of the expenditure covered by the levies provided for in Article 49 of the Treaty establishing the European Coal and Steel Community shall be fixed at 18 million units of account.

As from the financial year beginning 1 January 1967, the Commission shall Submit annually to the Council a report on the basis of which the Council shall Examine whether there is reason to adjust this figure to changes in the budget of The Communities. The Council shall act by the majority laid down in the first sentence of the fourth paragraph of Article 28 of the Treaty establishing the European Coal and Steel Community. The adjustment shall be made on the basis of an assessment of developments in expenditure arising from the application of the Treaty establishing the European Coal and Steel Community.

3

The portion of the levies assigned to cover expenditure under the budget of the Communities shall be allocated by the Commission for the implementation of That budget in accordance with the timetable provided for in the financial Regulations adopted pursuant to Article 209 (b) of the Treaty establishing the European Economic Community and Article 183 (b) of the Treaty establishing the European Atomic Energy Community relating to the methods and procedure