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The EP’s budget is drawn up during the year n-1, with the preparations in its Directorates General already starting in the last quarter of the year n-2. The budgetary procedure - first inside the EP for the institution’s own budget, then for the budget of the EU as a whole in the interinstitutional part of the procedure - lasts throughout the year n-1, with an agreement usually reached during the last quarter of year n-1. For example, the preparations for the 2020 budget in the Directorates General ...

Brexit Adjustment Reserve

Briefing 09-11-2021

As part of the preparations for the United Kingdom's withdrawal from the European Union, the European Council agreed in July 2020 to create a Brexit adjustment reserve within the special instruments outside the budget ceilings of the European Union's multiannual financial framework, with a budget of €5 billion to counter unforeseen and adverse consequences in Member States and sectors that are most affected. The Commission adopted a proposal for a regulation on the Brexit adjustment reserve on 25 ...

Brexit Adjustment Reserve

Lyhyesti 08-09-2021

With the United Kingdom’s withdrawal from the EU customs union and single market creating new obstacles to trade, mobility and exchanges with the UK, affecting many businesses across the EU, the Brexit Adjustment Reserve aims to provide Member States with financial support to cover costs incurred in connection with Brexit. Parliament is due to vote at first reading during its September 2021 plenary session on the text agreed during interinstitutional negotiations.

European Union Solidarity Fund

Briefing 03-09-2021

Established in 2002 to support disaster-stricken regions, the European Union Solidarity Fund (EUSF) complements the efforts of public authorities by helping to fund vital emergency and recovery operations in areas affected by catastrophes such as flooding, earthquakes and forest fires. EUSF funding is granted following an application from a Member State or candidate country, and may be used to finance measures including restoring infrastructure to working order, providing temporary accommodation ...

This paper proposes a factual overview of recent developments in the implementation of the EU Bêkou Trust Fund for the Central African Republic, the EU Regional Trust Fund in response to the Syrian crisis (Madad), the EU Trust Fund for Peace in Colombia, the EU Trust Fund for Africa and the Facility for Refugees in Turkey.

When preparing the 2021-2027 multiannual financial framework, the European Commission proposed to strengthen the link between EU funding and respect for the rule of law. To this end, on 3 May 2018, the Commission presented a proposal for a regulation that would introduce a general rule of law conditionality into the EU's financial rules. Any Member State where a generalised rule of law deficiency is found could be subject to the suspension of payments and commitments, reduced funding and a prohibition ...

After the failure of budgetary conciliation, the European Commission put forward a new draft budget for 2019. Based on the second draft budget and subsequent negotiations, the European Parliament and Council have agreed the General Budget for the European Union for 2019, at a level of €165 795.6 million in commitments and €148 198.9 million in payment appropriations. This means an increase of 3.2 % in commitments and 2.4 % in payments as compared to 2018 budget. The Parliament has scheduled the adoption ...

Revision of EU financial rules

Briefing 28-06-2018

In September 2016, the Commission tabled a proposal for a new Financial Regulation which would replace the current one (together with its Rules of Application), as well as amend 15 other sectoral instruments each containing financial rules. The Commission justifies its proposal by the need to simplify EU financial rules and make them more flexible. In April 2018, the BUDG and CONT committees approved the outcome of trilogue negotiations on the main part of the proposal for a new Financial Regulation ...

Draft Amending Budget No 2/2018 (DAB 2/2018) enters in the 2018 EU budget the surplus resulting from the implementation of the 2017 budget. The surplus consists mostly of higher than expected revenues and underspending in expenditure. The 2017 surplus totals €555 542 325. The inclusion of the surplus will diminish accordingly the Member States' contributions to the 2018 EU budget. During the July session the European Parliament is expected to vote on the Council position on DAB 2/2018.

Parliament’s Committee on Budgetary Control recommends granting discharge for eight of the administrative sections of the 2016 EU budget and postponing the decision to October 2018 in one case (European Council and Council). Parliament is expected to decide on the matter during the April plenary session.