Interinstitutional Agreement On Budgetary Discipline And Sound Financial Management

Posted: September 24, 2021 in Uncategorized

The European Union Solidarity Fund should enable rapid financial assistance in the event of a major disaster on the territory of a Member State or candidate country, in accordance with the relevant basic law. The amount available each year for the Fund is limited to €1 billion (current prices). On 1 October of each year, at least one quarter of the annual amount shall be available to cover the needs incurred up to the end of the year. The non-budgeted portion of the annual amount may not be carried forward to subsequent years. The 2013 Interinstitutional Agreement aims to ensure budgetary discipline, improve the functioning of the annual budgetary procedure and budgetary cooperation between the institutions of the European Union and ensure sound financial management. Amended proposal for an Interinstitutional Agreement between the European Parliament, the Council and the Commission on budgetary discipline, budgetary cooperation and sound financial management, in the absence of agreement during the trilogue, the Conciliation Committee shall meet and organise its work as far as possible before the expiry of the decision-making procedure referred to in Article 314, paragraph 5 TFEU. the 21-day period. The Conciliation Committee may conclude by exchange of letters. The institutions agree to finance expenditure relating to fisheries agreements in accordance with the arrangements laid down in Annex IV. This Agreement shall not affect the respective budgetary powers of the institutions, as provided for in the Treaties, in Council Regulation (EU, Euratom) No 1311/2013 (1) (`the MFF Regulation`) and in Regulation (EU, Euratom) No 1311/2013.

966/2012 of the European Parliament and of the Council (2) (`the Financial Regulation`). Any decision to revise the financial framework of up to 0,03% of the European Union`s GNI within the contingency margin shall be taken jointly by the two arms of the budgetary authority referred to in point 3. Appropriations shall be allocated to the general budget of the European Union under the normal budgetary procedure as soon as the Commission has identified the room for manoeuvre and/or decommitments referred to in paragraph 2. The IIA was adopted alongside the Multiannual Financial Framework (MFF), the EU`s 7-year plan for the period 2014-2020. Over a seven-year period, the MFF amounts to €960 billion in commitments (legal commitment to finance) and €908.4 billion. if the two arms of the budgetary authority do not reach agreement on a new financial framework and if the existing financial envelope is not explicitly terminated by one of the institutions, the ceilings for the last year covered by the existing financial framework will be adjusted in accordance with point 16 so that the ceilings for 2013 are maintained at constant prices. If new Member States join the European Union after 2013 and this is deemed necessary, the enlarged financial framework will be adapted to take account of the results of the accession negotiations. Expenditure of the common agricultural policy on market measures and direct aid, including market measures for fisheries measures and fisheries agreements concluded with third parties Any amendment to this Agreement shall be subject to the approval of all the institutions. . .

.

Comments are closed.