Summary
This regulation allows Member States facing financial instability to receive higher interim payments from EU funds, specifically extending support for countries under adjustment programmes and maintaining high co-financing rates for Cyprus. 10 13.12.2016
Other
economy
finance
european union
public finance and budget policy
Key points
- The regulation allows for an increase in interim payments by 10 percentage points above the standard co-financing rate for specific EU funds.
- This increased payment rate applies to Member States receiving financial assistance under macroeconomic adjustment programmes.
- The eligibility for these increased payments is extended until June 30 of the year following the end of the financial assistance.
- A high co-financing rate of 85% is maintained for Cyprus to support its economic stability until the closure of its operational programmes.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1303/2013 as regards certain provisions relating to financial management for certain Member States experiencing or threatened with serious difficulties with respect to their financial stability
Member States experiencing or threatened with serious difficulties with respect to their financial stability ***I
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.