Mobilization of EU Flexibility Instrument for Migration and Competitiveness

Summary

The proposal seeks to mobilize over €1.1 billion from the EU Flexibility Instrument to fund urgent migration, security, and competitiveness measures in 2019.
10 22.02.2019
Other
economy
european union
budgetary control
public finance and budget policy

Key points

In force from 01/01/2019 Out of force from 31/12/2023
  • Mobilization of the Flexibility Instrument to address unforeseen and urgent budgetary needs.
  • Allocation of approximately €985.6 million to manage migration, refugee inflows, and security threats.
  • Allocation of approximately €178.7 million to reinforce competitiveness through programs like Erasmus+ and Horizon 2020.
  • Implementation of a multi-year payment schedule spanning from 2019 to 2023.
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