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Adjustment of Pre-financing Rates (2021-2023)

Summary

The proposal seeks to adjust the annual pre-financing rates for EU funds between 2021 and 2023 to improve budget predictability while ensuring Member States have enough cash for their programs.
10 26.10.2020
Other
finance
european union
administrative law
public finance and budget policy

Key points

  • The proposal aims to adjust the annual pre-financing rates for European Structural and Investment Funds during the years 2021 to 2023.
  • The adjustment is intended to reduce large, unnecessary annual payment flows and recovery orders between the EU budget and Member States.
  • The European Parliament proposes setting the annual pre-financing rate at 2% for the years 2021 to 2023, rather than the 1% suggested by the Commission.
  • The regulation is intended to ensure sufficient cash flow for Member States to meet their program implementation requirements.
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 the adjustment of annual pre-financing for the years 2021 to 2023 Adjustment of annual pre-financing for the years 2021 to 2023 ***I
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