Summary
The European Parliament and Council agree to use the Contingency Margin to cover a significant backlog of unpaid bills in the 2014 EU budget. This measure aims to ensure the continuity of EU programs without increasing the overall long-term spending limit. 10 17.03.2015
Other
budget
european union
public finance and budget policy
Key points
- The decision addresses a massive backlog of unpaid bills, including over 23 billion euros in Cohesion policy alone.
- A total of approximately 3.17 billion euros will be mobilised from the contingency reserve for the 2014 budget.
- To maintain the overall budget limit, the spending will be offset by reducing available funds in 2018, 2019, and 2020.
- This measure ensures that the total spending ceiling for the long-term budget remains unchanged.
Documents (PDFs)
REPORT on the proposal for a decision of the European Parliament and of the Council on mobilisation of the Contingency Margin, in accordance with point 14 of the Interinstitutional Agreement of 2 December 2013 between the European Parliament, the Council and the Commission on budgetary discipline, on cooperation in budgetary matters and on sound financial management
Mobilisation of the Contingency Margin in 2014
These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.