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

Article 2

1.

The financial perspective for the European Union, in 1999 prices, is set out in tables 1a and 1b in the Annex.

2.

The corresponding financial perspective resulting from the technical adjustment for 2005, in line with movements in gross national income (GNI) and prices, is set out in tables 2a and 2b in the Annex.

Article 3

This decision shall be published in the Official Journal of the European Union.

Done at Strasbourg, 7 September 2005.

For the European Parliament

The President

J. Borrell Fontelles

For the Council

The President

D. Alexander