38. Notes that, despite the claim that appropriations remain stable, assigned revenue is down by more than 25 % in 2011, that market support is down by almost 22% (to EUR 3 491 million), and that appropriations for veterinary and phytosanitary measures show a fall of 7.8%; expresses its concern about the Commission's optimistic assumptions (in view of increased market volatility and the vulnerability of agricultural activity to health hazards) with regard to trends in agricultural markets in 2011, resulting in a reduction of around € 900 million in market-related expenditure; urges the Commission and the Council to carefully monitor de ...[+++]velopments in agricultural markets and to be prepared to react swiftly and effectively with the necessary safety net measures to counter adverse market developments and volatility in market prices; expresses concern also about the planned decrease in appropriations for veterinary and phytosanitary measures, in view of the need to remain vigilant with regard to animal disease eradication;

38. Notes that, despite the claim that appropriations remain stable, assigned revenue is down by more than 25 % in 2011, that market support is down by almost 22% (to EUR 3 491 million), and that appropriations for veterinary and phytosanitary measures show a fall of 7.8%; expresses its concern about the Commission's optimistic assumptions (in view of increased market volatility and the vulnerability of agricultural activity to health hazards) with regard to trends in agricultural markets in 2011, resulting in a reduction of around € 900 million in market-related expenditure; urges the Commission and the Council to carefully monitor de ...[+++]velopments in agricultural markets and to be prepared to react swiftly and effectively with the necessary safety net measures to counter adverse market developments and volatility in market prices; expresses concern also about the planned decrease in appropriations for veterinary and phytosanitary measures, in view of the need to remain vigilant with regard to animal disease eradication;

Expenditure of the common agricultural policy concerning market measures and direct aids, including market measures for fisheries and fisheries agreements concluded with third parties

1. Welcomes the May 2004 EU enlargement and calls on the Commission to take into account in its preliminary draft budget the effects which such enlargement may have on Community expenditure in certain agricultural markets, such as beef and veal and butter.

2. Where Community legislation stipulates a financial ceiling in euro for agricultural expenditure in respect of a Member State, such expenditure shall be reimbursed subject to that limit set in euro, with any necessary adjustments being made if Article 11 of Regulation (EC) No 1782/2003 applies.

The Fund's Guarantee Section finances, in particular, expenditure on the agricultural market organisations, the rural development measures that accompany market support and rural measures outside of Objective 1 regions, certain veterinary expenditure and information measures relating to the CAP.