Summary
The proposal seeks to amend EU financial rules to handle interest repayments resulting from court-ordered changes to competition fines, treating them as negative revenue to protect administrative budgets. 9 14.09.2022
Other
budget
finance
public administration
business and competition
simplification of legislation
Key points
- The proposal addresses the financial impact of court rulings that reduce or cancel competition fines.
- Repayments of interest due to reduced fines would be recorded as a reduction in revenue rather than an administrative expense.
- A specific interest rate for these repayments would be set at the ECB refinancing rate plus 1.5 percentage points.
- The changes aim to prevent massive potential claims, such as those exceeding 593 million euros in specific high-profile cases, from exhausting the administrative budget.
Speeches
1 Speech in total
Pro
Contra
Roberta METSOLA
PPE
Documents (PDFs)
DRAFT REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU, Euratom) 2018/1046 on the financial rules applicable to the general budget of the Union
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU, Euratom) 2018/1046 on the financial rules applicable to the general budget of the Union
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