Summary
The EU is amending its 2017 budget to provide over 1.1 billion euros in earthquake relief for Italy. 10 13.12.2017
Other
budget
economy
environment
social policy
public finance and budget policy
Key points
- The European Union is mobilizing significant aid for Italy following major earthquakes in the Abruzzo, Lazio, Marche, and Umbria regions.
- This mobilization represents the largest use of the EU Solidarity Fund to date, totaling nearly 1.2 billion euros.
- The budget amendment specifically increases the funds allocated for assistance to Member States facing major natural disasters.
- To cover a funding gap, the Commission is using a provision to draw from the following year's budget allocation.
Documents (PDFs)
REPORT on the Council position on Draft amending budget No 4/2017 of the European Union for the financial year 2017 accompanying the proposal to mobilise the European Union Solidarity Fund to provide assistance to Italy
Draft amending budget No 4/2017 accompanying the proposal to mobilise the European Union Solidarity Fund to provide assistance to Italy
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