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Brexit Adjustment Reserve Budget Amendment 2021

Summary

The European Parliament has approved a budget amendment to allocate over 4.2 billion euros to the Brexit Adjustment Reserve, helping sectors and countries most impacted by the UK's exit from the EU.
9 26.11.2021
Other
budget
economy
social policy
european union
public finance and budget policy

Key points

  • The establishment of a reserve to counter the unforeseen negative impacts caused by the United Kingdom leaving the European Union.
  • An allocation of approximately 4.24 billion euros is planned for the 2021 budget to meet pre-financing needs.
  • These funds are treated as special instruments and are added to the budget above the standard long-term spending limits.
  • The financial support will be implemented through a cooperative management system between the EU and Member States.

Speeches

31 Speeches in total

Pro
Contra
Valérie HAYER
Valérie HAYER
Renew
2:10 min
18. Brexit Adjustment Reserve ***I - Draft amending budget No 1/2021: Brexit Adjustment Reserve (debate)
Josianne CUTAJAR
Josianne CUTAJAR
S&D
18. Brexit Adjustment Reserve ***I - Draft amending budget No 1/2021: Brexit Adjustment Reserve (debate)
Documents (PDFs)
REPORT on the Council position on Draft amending budget No 1/2021 of the European Union for the financial year 2021 - Brexit Adjustment Reserve Draft amending budget No 1/2021: Brexit Adjustment Reserve
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.