Article 1

The financial perspective is revised as follows:

The annual ceilings for appropriations for commitments in heading 1 of table 1a, table 1b, table 2a and table 2b shall be amended as follows:

  1. (a)

    the figure for the subheading 1a ‘Common agricultural policy’ shall be reduced in 2006 by the amount corresponding to the modulation;

    Reduced amounts in common agricultural policy

    2006

    EUR million at 1999 prices

    – 570

    EUR million at 2006 prices

    – 655

  2. (b)

    the figure for the subheading 1b ‘Rural development’ shall be increased in 2006 by the amount corresponding to the modulation;

    Increased amounts in rural development

    2006

    EUR million at 1999 prices

    + 570

    EUR million at 2006 prices

    + 655