Traduction de «pnb monétaire » (Français → Anglais) :

If the budget has not been finally adopted before the beginning of the financial year, the Member States shall enter on the first working day of each month, including January, one-twelfth of the amount of VAT own resources, of the additional resource, with the exception of the amounts for financing the EAGGF monetary reserve, and, where appropriate, of the GNP financial contributions entered in the last budget finally adopted; the adjustment shall be made on the first due date following final adoption of the budget if it is adopted before the 16th of the month.

3. VAT resources, the additional resource - excluding an amount corresponding to the EAGGF (European Agricultural Guidance and Guarantee Fund) monetary reserve, to the reserve relating to loans and loan guarantees and to the reserve for emergency aid - and, where appropriate, GNP financial contributions shall be credited on the first working day of each month, the amounts being one-twelfth of the relevant totals in the budget, converted into national currencies at the rates of exchange of the last day of quotation of the calendar year preceding the budget year, as published in the Official Journal of the European Communities, "C" Series.

The imposition of unsuitable structural adjustment programmes by the World Bank and the International Monetary Fund and inadequate cooperation and development aid actions by the industrialised countries, which fall considerably short of the 0.7% of GDP recommended by the United Nations, both contribute to this gap.

If, at the beginning of the financial year, the budget has not been adopted, the previous uniform VAT rate and rate applicable to Member States" GNPs, without prejudice to the provisions adopted in accordance with Article 8(2) as regards the EAGGF monetary reserve, the reserve for financing the Loan Guarantee Fund and the reserve for emergency aid in third countries, shall remain applicable until the entry into force of the new rates.

If, at the beginning of the financial year, the budget has not been adopted, the previous uniform VAT rate and rate applicable to Member States" GNPs, without prejudice to the provisions adopted in accordance with Article 8(2) as regards the EAGGF monetary reserve, the EAGGF reserve for market uncertainties, the reserve for financing the Loan Guarantee Fund and the reserve for emergency aid in third countries, shall remain applicable until the entry into force of the new rates.

The programme included several important measures, namely: the unification of the exchange rates; the reduction of the budget deficit from 28% in 1993 to 4% of the GNP in 1994 (11 trillion NKz); the limitation of money supply growth to 102,5% during the first 12 months of the plan in order to lower the inflation rate to 260% in 1994 and to 100% from March 1994 to March 1995; a growth of the GNP of 2.5%, mainly through increases of oil prices.