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1. Each year the Commission, acting ahead of the budgetary procedure for year n+1, shall make the following technical adjustments to the MFF:

(a) revaluation, at year n+1 prices, of the ceilings and of the overall figures for appropriations for commitments and appropriations for payments;

(b) calculation of the margin available under the own-resources ceiling set in accordance with Decision 2007/436/EC, Euratom;

(c) calculation of the absolute amount of the Contingency Margin provided for in Article 13;

(d) calculation of the global margin for payments provided for in Article 5;

(e) calculation of the global margin for commitments provided for in Article 14;

(f) calculation of the amounts to be made available to the Flexibility Instrument under the second subparagraph of Article 11(1).

2. The Commission shall make the technical adjustments referred to in paragraph 1 on the basis of a fixed deflator of 2 % per year.

3. The Commission shall communicate the results of the technical adjustments referred to in paragraph 1 and the underlying economic forecasts to the European Parliament and the Council.

4. Without prejudice to Article 7 and 8, no further technical adjustments shall be made in respect of the year concerned, either during the year or as ex-post corrections during subsequent years.