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The European Fund for Sustainable Development (EFSD) is one of the EU financial instruments that promote a pro-active development aid policy. It is part of the complex European external investment plan to support investments primarily in the EU neighbourhood and Africa. The EFSD applies the same financial model as the European Fund for Strategic Investments. By 2020, it is expected to generate €44 billion in investments (based on an initial EU contribution of €4.1 billion) to help create jobs and ...

During the March II plenary session, the European Parliament is expected to decide whether to grant discharge for the 2017 financial year to the different institutions and bodies of the European Union (EU). The debate will start with the report covering the European Commission (plus six executive agencies), which manages the biggest share of the EU general budget. Separate discharge is granted to the Commission concerning the management of the European Development Funds (EDFs), because the EDFs are ...

EU anti-fraud programme 2021-2027

Briefing 07-02-2019

On 30 May 2018, the European Commission published a proposal for a regulation establishing an EU anti-fraud programme under the new 2021 to 2027 multiannual financial framework (MFF). The regulation would replace the Hercule III programme currently in force. The European Court of Auditors (ECA) published a special opinion concerning the proposal on 15 November 2018. The BUDG committee adopted its opinion for CONT on 23 November 2018 and the CONT committee issued its draft report on 26 November 2018 ...

On 14 June 2018, the European Commission published a proposal for a regulation establishing the Instrument for Pre-accession Assistance (IPA) III as part of a set of external action instruments under the new 2021 to 2027 multiannual financial framework (MFF). The proposed financial envelope represents a 1.1 % decrease compared with current funding (€12.9 billion in 2018 prices). Beneficiaries include the Western Balkan countries and Turkey. The IPA, set up for the 2007 to 2013 MFF, aims to prepare ...

Discharge for 2016 – Second reports

Rövid áttekintés 17-10-2018

During the October II plenary session, the European Parliament is due to bring to a close the discharge procedure for the Council's financial accounts for the year 2016, by voting on the second report of the Committee on Budgetary Control. It will also vote on the second report concerning the European Asylum Support Office. Both votes follow the European Parliament's decision in April 2018 to postpone discharge for 2016 in these cases.

European Investment Bank: 2016 financial report

Rövid áttekintés 25-04-2018

During the May I plenary session, the European Parliament is expected to discuss the financial report of the European Investment Bank (EIB) for the year 2016. The increasing importance of the EIB, both in budgetary terms and in its varied funding contributions in different areas of activity, calls for high level of transparency and accountability. Although the European Parliament's Committee on Budgetary Control (CONT) acknowledges some progress in this regard, it considers there is still room for ...

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.

During the April plenary session, the European Parliament is expected to decide whether to grant discharge for the 2016 financial year to the different institutions and bodies of the European Union (EU). The debate will start with the report covering the European Commission (plus six executive agencies) which manages the biggest share of the EU general budget. Separate discharge is granted to the Commission concerning the management of the European Development Funds (EDFs), because the EDFs are not ...

Galileo and EGNOS

Briefing 24-01-2018

Galileo and the European geostationary navigation overlay service (EGNOS) are two satellite navigation systems under civil control. Galileo is an autonomous global navigation satellite system consisting of a constellation of satellites and a global network of ground stations. EGNOS is a regional satellite navigation system that monitors, corrects and improves the accuracy of open signals emitted by existing global satellite navigation systems (GPS, Glonass). Galileo and EGNOS are infrastructures ...

During the October II plenary session, the European Parliament is due to bring to a close the discharge procedure for the Council's financial accounts for the year 2015, by voting on the second report of the Committee on Budgetary Control. For several years in a row now, the Parliament has refused to grant discharge to the Council and the European Council.