A fiscal capacity to strengthen and enlarge the Euro Area

Euro Area Euro Area
Workshop Fiscal Capacity © European Parliament

21-03-2018 - "A fiscal capacity to strengthen and enlarge the Euro Area - Budgetary aspects for stabilising Economic and Monetary Union" - Joint BUDG/ECON Workshop

In order for the Parliament to give its own input and hear more expert on the budgetary aspects of the European Commission package for completing Europe's Economic and Monetary Union, a workshop on this issue will take place on Wednesday, 21 March 2018, 14:30 pm - 17:00 pm, European Parliament, Paul-Henry Spaak Building (PHS) room 3C050, Brussels. A debate will follow all presentations.

Rapporteur from BUDG committee: Reimer Böge

Rapporteur from ECON committee: Pervenche Berès

Oversight and resources of partially and fully self-financed agencies

Altiero Spinelli Building (ASP) 1G-3, European Parliament, Brussels
Workshop Agencies Workshop Agencies
Workshop Agencies © European Parliament

The workshop aims to address topics concerning fully and partially self-financed agencies related to both BUDG and CONT committees’ competences.

With regards of the agencies' resources, the workshop may look into the principles of fee setting, and 5% cut and the redeployment pool vs. the need to provide timely services to industry, which is paying for them.

From the point of oversight, items for discussion may include the question of discharge procedure for fully self-financed agencies, provisions for prevention of conflict of interest in case of the fee collecting agencies, ECA financial audit outsourcing provisions, and the question of carryovers.

Points of interest for both BUDG and CONT remain the questions of performance, efficiency and effectiveness, such as indicators for measuring outputs and ways to compare them across the agencies, developing synergies and shared services, and possible grouping or clustering of the agencies.

Revision of the Financial Regulation: Towards an efficient and effective budget cycle

Brussels, JAN4Q1
Revision of the Financial Regulation Revision of the Financial Regulation
Workshop Financial Revision © European Parliament

The Financial Regulation provides the principles and procedures governing the establishment and implementation of the European Union budget and the control of the EU funds. In September 2016, the Commission tabled a proposal to revise this Financial Regulation substantially with a view to simplify it and to improve the flexibility.

In order to shed some light on the practical consequences of this revision proposed by the Commission and to provide Members with arguments on how to improve it, a workshop will take place at the BUDG meeting of 21 March, from 15.00 to 17.30 in József Antall Building (JAN), room 4Q1

The European Court of Auditors will first express its opinions on the proposed new financial rules applicable to the general budget of the Union. Then a set of specific issues on the Commission proposal to reform the Financial Regulation will be addressed, e.g. performance based budgeting, externalisation of tasks, conflict of interest, and citizen's involvement. A debate will be held at the end of all the presentations.

Financing of the EFSI and the link between these and other Investment Funds

Altiero Spinelli Building (ASP), Room 5G3, European Parliament, Brussels
EFSI Workshop EFSI Workshop
EFSI Workshop © European Parliament

The European Fund for Strategic Investments (EFSI) has been in place for one and a half years now. Experience suggests that despite a clear quantitative success, certain things do not work the way that we had envisaged as Co-Legislator. The deficiencies are not so much linked to the specific provisions of the Regulation but to the way they have been interpreted or implemented on the ground.

In order to respect in full the spirit and content of the EFSI Regulation, these implementation failures should be addressed. In July 2015, after intensive negotiations between European Commission, Council and Parliament, the EFSI Regulation entered into force. In these negotiations, the European Parliament insisted on a series of political and technical adjustments and managed to significantly improve the European Commission proposal. The European Parliament insisted on additionally of EFSI, achieved an additional one billion financing from unallocated margins, a powerful intermediary structure (National Promotional Banks), and support for small and medium enterprises.
In September 2016, the European Commission presented an amending Regulation to the original EFSI Regulation of 2015 (EFSI 1.0), prolonging the instrument, as well as proposing changes on the content with an aim to augment its capacity and to address certain insufficiencies.

The Galaxy of Funds and Instruments around the EU Budget

József Antall Building (JAN), Room 6Q2, European Parliament, Brussels
Workshop on the Galaxy of Funds and Instruments around the EU Budget Workshop on the Galaxy of Funds and Instruments around the EU Budget
The galaxy of funds © European Parliament

In the last years, unexpected events such as the economic crisis and the migration crisis caused by the war in Syria and instability in the region created an increasing financial pressure on the EU budget, and made obvious the need for a greater flexibility and budgetary tools in case of emergencies requiring a financial intervention.

In response, several budgetary mechanisms were created or their use enhanced, as a result of attempts to increase the available funding through the use of revolving funds, attracting additional private funds and contributions from the EU member states. However, a consequence of these measures was also an increase in the level of complexity of the EU budgetary architecture, making the EU budget less transparent to the EU citizens and posing challenges for the European Parliament as one of the two arms of the budgetary authority.

"Mid-Term Revision of the Financial Regulation

József Antall Building (JAN), room 4Q2, European Parliament, Brussels
Poster Poster

In order for the Parliament to give its own input and hear more expert and/or stakeholder views on the forthcoming revision of the financial regulation, a workshop on this issue will take place at the BUDG meeting of 11 July 2016.

The European Commission will present its first evaluation of its last public consultation and an outlook on its proposal, the Court of Auditors will express its request for the next reform of the financial regulation. Then, different stakeholders involved in direct management will give their views. A debate will follow all presentations.


Rapporteur from BUDG Committee: Inge Gräßle