Revision of the Multiannual Financial Framework (Article 19, MFF Regulation): Transfer of unused allocations for 2014

17-07-2015

Second Edition - July 2015. As a consequence of the late agreement on the overall 2014-20 Multiannual Financial Framework (MFF), the various legal acts setting out the provisions for implementing the funds throughout that period were adopted much later than planned. As a result, the funds allocated for 2014, amounting to some €21 billion – equivalent to almost 15% of the 2014 budget, were not able to be used that year, and this revision of the MFF is intended to ensure that the programmes can be fully implemented in 2015 and beyond. The legal instruments concerned are the European Regional Development Fund (ERDF), the European Social Fund (ESF), the Cohesion Fund (CF), the European Agricultural Fund for Rural Development (EAFRD); the European Maritime and Fisheries Fund (EMFF), the Asylum, Migration and Integration Fund (AMIF) and the Internal Security Fund (ISF). The revision of the MFF and the adoption of Draft Amending Budget No 2 are a necessary condition for re-programming. This briefing updates an earlier edition, of 23 March 2015: PE 551.345.

Second Edition - July 2015. As a consequence of the late agreement on the overall 2014-20 Multiannual Financial Framework (MFF), the various legal acts setting out the provisions for implementing the funds throughout that period were adopted much later than planned. As a result, the funds allocated for 2014, amounting to some €21 billion – equivalent to almost 15% of the 2014 budget, were not able to be used that year, and this revision of the MFF is intended to ensure that the programmes can be fully implemented in 2015 and beyond. The legal instruments concerned are the European Regional Development Fund (ERDF), the European Social Fund (ESF), the Cohesion Fund (CF), the European Agricultural Fund for Rural Development (EAFRD); the European Maritime and Fisheries Fund (EMFF), the Asylum, Migration and Integration Fund (AMIF) and the Internal Security Fund (ISF). The revision of the MFF and the adoption of Draft Amending Budget No 2 are a necessary condition for re-programming. This briefing updates an earlier edition, of 23 March 2015: PE 551.345.