EU Solidarity Fund Mobilization for Disaster Relief

Summary

The European Parliament approves an amendment to the 2020 budget to provide financial assistance to Portugal, Spain, Italy, and Austria following natural disasters in 2019.
9 04.08.2020
Other
finance
social policy
european union
public finance and budget policy

Key points

  • The European Parliament has approved the amendment to the 2020 EU budget.
  • The decision activates the European Union Solidarity Fund to provide aid.
  • Financial assistance is directed toward Portugal, Spain, Italy, and Austria following natural disasters in 2019.
  • The budget for assistance in the event of major natural disasters is increased by approximately 272.5 million euros.
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