Following the financial planning as established in the third report by the Secretaries General in July 2003 (the positive margin estimated at the time to amount to EUR 28,5 million), a simple extrapolation of the technical adjustment, the evolution in staff salaries and the estimates of the effects of the reform of the institutions would have resulted in a negative margin of EUR 145 million in heading 5 of 2005 budget.
Following the financial planning as established in the third report by the Secretaries General in July 2003 (the positive margin estimated at the time to amount to EUR 28,5 million), a simple extrapolation of the technical adjustment, the evolution in staff salaries and the estimates of the effects of the reform of the institutions would have resulted in a negative margin of EUR 145 million in heading 5 of 2005 budget.