Revision of the Financial Regulation

At a Glance 17-11-2021

In March 2021, the European Commission announced a legislative proposal to revise the EU Financial Regulation to align it with the 2021 2027 multiannual financial framework and Next Generation EU. In anticipation of the Commission's proposals, an own-initiative report by the relevant European Parliament committees clearly expresses expectations of a stronger Parliamentary role in the budgetary scrutiny of Next Generation EU funds, and the integration of the rule-of-law conditionality in the Financial Regulation. The report is on the agenda for debate during the November II plenary session.