Summary
The report discusses reallocating 1.36 billion euros from research and transport budgets to fund the new European Fund for Strategic Investments (EFSI). 10 07.10.2015
Other
economy
finance
transport
public finance and budget policy
research and intellectual property
Key points
- The proposal aims to establish the financial framework for the European Fund for Strategic Investments (EFSI).
- A total of 1,360 million euros in commitment appropriations is being reallocated to fund the EFSI guarantee.
- Significant funds are being moved away from the Horizon 2020 research program and the Connecting Europe Facility (CEF).
- The reallocation includes approximately 490 million euros from the ITER fusion energy project.
Documents (PDFs)
REPORT on the Council position on Draft amending budget No 1/2015 of the European Union for the financial year 2015, Section III – Commission, accompanying the proposal for a Regulation of the European Parliament and of the Council on the European Fund for Strategic Investments and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013
Draft amending budget No 1/2015: European Fund for Strategic Investments (EFSI)
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