National ratification of the Own Resources Decision: State of play on 5 May 2021

07-05-2021

The Own Resources Decision (ORD) establishes how the EU budget is financed. Its entry into force requires approval by all EU Member States according to their constitutional requirements. In a majority of Member States, national parliaments are responsible for ratifying the decision. In the others, the government alone decides on the approval. Completion of the ratification procedure by all Member States has generally required more than two years. However, there is a greater sense of urgency for the ORD adopted by the Council in December 2020, since its entry into force is a pre-condition for the launch of the Next Generation EU (NGEU) recovery instrument. The objective is to complete the ratification procedure before summer 2021, with a view to ensuring the timely launch of NGEU. As of 5 May, 19 Member States have ratified the ORD. The ratification procedure is still ongoing in Austria, Estonia, Finland, Hungary, Ireland, the Netherlands, Poland and Romania. This is an update of a Briefing published on 22 March 2021.

The Own Resources Decision (ORD) establishes how the EU budget is financed. Its entry into force requires approval by all EU Member States according to their constitutional requirements. In a majority of Member States, national parliaments are responsible for ratifying the decision. In the others, the government alone decides on the approval. Completion of the ratification procedure by all Member States has generally required more than two years. However, there is a greater sense of urgency for the ORD adopted by the Council in December 2020, since its entry into force is a pre-condition for the launch of the Next Generation EU (NGEU) recovery instrument. The objective is to complete the ratification procedure before summer 2021, with a view to ensuring the timely launch of NGEU. As of 5 May, 19 Member States have ratified the ORD. The ratification procedure is still ongoing in Austria, Estonia, Finland, Hungary, Ireland, the Netherlands, Poland and Romania. This is an update of a Briefing published on 22 March 2021.