The three institutions consider the budgetary procedure a continuum under the two abovementioned Treaties; they therefore agree that the stages of the procedure completed under the Nice Treaty constitute completed stages of the procedure within the meaning of Article 314 created by the Lisbon Treaty.
Parlament, nõukogu ja komisjon loevad, et eelarvemenetlus on kahe eespool nimetatud lepingu alusel katkematu; seetõttu lepivad nad kokku, et Nice'i lepingu alusel lõpule viidud eelarvemenetluse etapid on lõpule viidud etapid Lissaboni lepingu artikli 314 tähenduses.