somes

Mobilization of the EU Contingency Margin

Summary

The proposal aims to offset a portion of the emergency funds mobilized in 2014 against the 2017 budget ceiling. This measure is intended to increase financial flexibility and prevent future payment crises.
10 18.07.2017
Other
finance
european union
public finance and budget policy

Key points

  • In 2014, the EU mobilized a large amount of emergency funds totaling over 3 billion euros to cover unexpected costs.
  • A specific amount of approximately 2.8 billion euros will be offset against the budget limit for the year 2017.
  • This adjustment is intended to provide more financial flexibility for the second part of the current budget cycle.
  • A remaining amount of 350 million euros is excluded from this process to ensure that funds for special instruments are not restricted by general budget limits.
Documents (PDFs)
REPORT on the proposal for a decision of the European Parliament and of the Council amending Decision (EU) 2015/435 on the mobilisation of the Contingency Margin Mobilisation of the Contingency Margin
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.