Amending budget No 1/2021: Brexit Adjustment Reserve

Lühitutvustus 08-09-2021

Draft Amending Budget No 1/2021 (DAB 1/2021) to the European Union general budget 2021, as amended by the Council, aims to enter almost €1.698 billion in current prices in the Union's annual budget for 2021, in both commitment and payment appropriations. The aim of DAB 1/2021 is to meet the pre-financing needs resulting from the implementation of the Brexit Adjustment Reserve (BAR) in 2021. The new BAR has the objective of countering adverse consequences in the EU Member States and sectors that are worst affected by the withdrawal of the United Kingdom from the EU. Negotiations on the BAR Regulation have taken place in parallel. The European Parliament is expected to vote on the Council position on DAB 1/2021 during its September plenary session, when it will also vote on the regulation itself.