23. The institutions will, as far as possible, avoid entering items in the budget carrying insignificant amounts of expenditure on operations.

IV. FINAL PROVISIONS

24. This Agreement will apply for the entire duration of the 1993 to 1999 financial perspective.

During this period, should the Community be enlarged to include new Member States, the institutions, acting on a proposal from the Commission, will adjust the financial perspective to take account of the new requirements and resources of the enlarged Community. If agreement is not reached on this adjustment, the European Parliament may consider that it is no longer bound by this Agreement.

At the time of the intergovernmental conference scheduled for 1996, the institutions will confirm or amend the provisions of this Agreement.

25. Before 1 July 1998 the Commission will present:

a report on the application of this Agreement and on the amendments which need to be made to it in the light of experience;

proposals for a new medium term financial perspective.

If no new agreement is concluded, and unless this Agreement is expressly denounced by one of the parties acting by the majority referred to in the fifth subparagraph of Article 203(9) of the Treaty, the ceilings for the last year covered by the existing financial perspective will be adjusted in accordance with paragraph 9 of this Agreement by applying to these amounts the average increase observed over the preceding period in compliance with the own resources ceiling.

Done at Brussels on the twenty ninth day of October in the year one thousand nine hundred and ninety three.

For the European Parliament

For the Council of the European Communities

For the Commission of the European Communities

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