Author (Corporate) | European Commission |
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Series Title | COM |
Series Details | (2016) 312 final (30.6.16) |
Publication Date | 30/06/2016 |
Content Type | Policy-making |
Council Regulation (EU, EURATOM) No 1311/2013 of 2 December 2013 laying down the multiannual financial framework for the years 2014-2020, and in particular Article 10 thereof, allows for the mobilisation of the European Union Solidarity Fund, within an annual ceiling of €500,000,000 (2011 prices), over and above the relevant headings of the financial framework. Point 11 of the Interinstitutional Agreement of 2 December 2013 between the European Parliament, the Council and the Commission on budgetary discipline, on cooperation in budgetary matters and on sound financial management sets out the modalities for the mobilisation of the Fund. The conditions of eligibility to the Fund are detailed in Council Regulation (EC) No 2012/2002 of 11 November 2002 establishing the European Union Solidarity Fund, which foresees that an amount of up to a maximum of €50,000,000 in both commitment and payment appropriations shall be included in the budget for the payment of advances. The Commission considers it necessary to provide for this mobilisation in order to ensure the timely availability of budgetary resources and therefore the Commission proposes to include this amount in the Draft Budget 2017. See also: |
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Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2016:312:FIN |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |