Summary
This resolution approves an amending budget to fund the European Fund for Sustainable Development (EFSD) with €275 million and increase the Emergency Aid Reserve. The funding is redirected from underutilized migration funds. 10 12.01.2018
Other
budget
european union
public finance and budget policy
Key points
In force from 01/01/2017 Out of force from 31/12/2017
- Allocation of €275 million to support the European Fund for Sustainable Development.
- Use of the Flexibility Instrument to cover the costs for sustainable development initiatives.
- Reduction of €275 million from migration and asylum funds due to low spending rates by Member States.
- Increase in the Emergency Aid Reserve to enhance crisis response capacity.
Documents (PDFs)
REPORT on the Council position on Draft amending budget No 5/2017 of the European Union for the financial year 2017 providing the financing for the European Fund for Sustainable Development (EFSD) and increasing the Emergency Aid Reserve (EAR) further to the revision of the Multiannual Financial Framework regulation
Draft amending budget No 5/2017: financing for the European Fund for Sustainable Development and increasing the Emergency Aid Reserve
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