| Author (Corporate) | European Parliament: European Parliamentary Research Service |
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| Series Title | Briefing: EU Legislation in Progress |
| Series Details | July 2017 |
| Publication Date | July 2017 |
| Content Type | Journal | Series | Blog, Policy-making |
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‘EU Legislation in Progress’ briefings aim to provide Members of the European Parliament with systematic and automatic analysis on all substantial proposals for EU legislation at every stage of the legislative procedure. Each contains an account of the purpose, content and legal aspects of the legislation proposed, in particular analysing what the legislation would change, as well as any previous legislation and the background. An overview of stakeholders’ views is also provided, as well as the opinions of national parliaments and the two advisory committees. They are all made publicly available for stakeholders and the public.The Multiannual Financial Framework (MFF) sets the maximum level of resources ('ceiling') for each major category of EU spending for the years 2014-2020. Based on the compulsory mid-term review of the MFF, the European Commission proposes to modify the flexibility provisions and special instruments of the MFF Regulation. The aim is to increase the capacity of the EU budget to address unforeseen events and new priorities, against a backdrop of persistent challenges inside and outside the EU. The proposal is part of a broader package that seeks to allocate an extra €6.33 billion to job creation, growth, migration and security challenges, without modifying the MFF ceilings. The European Parliament has long pushed for MFF revision. The Council of the European Union reached broad consensus on a compromise on 15 November 2016, but one Member State was unable to lift its reservation on the text at that point. In March 2017, the Council reached agreement on a text that strengthens some special instruments. On 5 April 2017, the European Parliament, which had long pushed for MFF revision, approved the compromise package supported in the Council on a text that enhanced some special instruments. Following formal adoption in the Council, the mid-term revision entered into force on 14 July 2017. Author: Alessandro D’Alfonso |
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| Source Link | Link to Main Source http://www.europarl.europa.eu/RegData/etudes/BRIE/2016/593569/EPRS_BRI(2016)593569_EN.pdf |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
