Amending EU budget 2013 in line with MFF political agreement

Amending EU budget 2013 in line with MFF political agreement

The Commission has adopted today the second instalment of its Draft Amending Budget 2 from 27 March 2013, amounting to EUR 3.9 billion after reallocation of available resources within the budget.

The Council (Member States) and the European Parliament have already adopted the first instalment (EUR 7.3 billion) after agreeing to split the original Draft Amending Budget 2 in two in the course of the negotiations on the next financial period (Multiannual Financial Framework, MFF 2014-2020).

 

This proposal is linked to the adoption of the MFF as the European Parliament has stated that having an absolute guarantee that the outstanding payment claims for 2013 will be covered in full is one of the conditions to give its consent to the MFF regulation covering the next period (2014-2020).

This second instalment is based on updated estimates for payments in cohesion policy provided by Member States themselves; these estimates show that the 2013 budget, as adopted by the Council and the European Parliament, will not allow the EU to reimburse beneficiaries of EU funded programmes, mainly for completed projects under the cohesion policy.

 

The bulk of the EUR 3.9 billion will be spent to pay bills sent in by Member States in the cohesion policy area (i.e. EUR 3.1 bln).

Some EUR 344 million will be used to reinforce instruments stimulating growth and jobs (so called, heading 1a), in particular research, SME financing and student mobility. Also EUR 121 million is proposed to help the victims of major humanitarian crises especially in Syria, Mali and the Horn of Africa.

 

The draft amending budget has to be approved by the budgetary authority: the Council (EU Member States) and the European Parliament.

 

Source: http://europa.eu/rapid/press-release_IP-13-857_en.htm?locale=en

 

Find out more:

http://ec.europa.eu/budget/biblio/documents/2013/2013_en.cfm#dab8