The European Parliament,

–   having regard to Article 272 of the EC Treaty and Article 177 of the Euratom Treaty,

–   having regard to Council Regulation (EC, Euratom) No 1605/2002 of 25 June 2002 on the Financial Regulation applicable to the general budget of the European Communities(1), and particularly Articles 37 and 38,

–   having regard to the general budget of the European Union for the financial year 2007, as finally adopted on 14 December 2006(2),

–   having regard to the Interinstitutional Agreement of 17 May 2006 between the European Parliament, the Council and the Commission on budgetary discipline and sound financial management(3),

–   having regard to Preliminary draft amending budget No 7/2007 of the European Union for the financial year 2007, which the Commission presented on 7 November 2007 (COM(2007)0687), and amended by letter of 12 November 2007,

–   having regard to Draft amending budget No 7/2007, which the Council established on 26 November 2007 (15715/2007 – C6-0434/2007),

–   having regard to Rule 69 of and Annex IV to its Rules of Procedure,

–   having regard to the report of the Committee on Budgets (A6-0493/2007),

A.   whereas Draft amending budget No 7/2007 to the General Budget 2007 covers the following items:

B.   whereas the purpose of Draft amending budget No 7/2007 is to formally enter these budgetary resources and technical adjustments into the 2007 budget,

1.  Takes note of Draft amending budget No 7/2007;

2.  Recognises that the current under-implementation of certain lines might be a consequence of the late adoption of legal bases in the first year of the multiannual financial framework; insists on closely monitoring the implementation of the 2008 Budget through the different tools such as the regular budgetary forecast alert and monitoring groups; invites its specialised committees to give an early input about the funds needed and possible problems of implementation as regards multi-annual programmes;

3.  Underlines that there will certainly be a need for a higher amount in payments in the 2008 budget;

4.  Approves Draft amending budget No 7/2007 unamended;

5.  Instructs its President to forward this resolution to the Council and Commission.

(1) OJ L 248, 16.9.2002, p. 1. Regulation as amended by Regulation (EC, Euratom) No 1995/2006 (OJ L 390, 30.12.2006, p. 1). (2) OJ L 77, 16.3.2007, p. 1. (3) OJ C 139, 14.6.2006, p. 1.