Author (Corporate) | European Commission |
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Series Title | COM |
Series Details | (2016) 313 final (30.6.16) |
Publication Date | 30/06/2016 |
Content Type | Policy-making |
The Council Regulation (EU, EURATOM) No 1311/2013 of 2 December 2013 laying down the multiannual financial framework for the years 2014-2020 allows for the mobilisation of the Flexibility Instrument to allow the financing of clearly identified expenditure which could not be financed within the limits of the ceilings available for one or more headings of the multiannual financial framework. In accordance with Article 11 of Council Regulation No 1311/2013 and point 12 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, after having examined all possibilities for re-allocating appropriations and exhausted any unallocated margin under the expenditure heading Security and Citizenship (heading 3), the Commission proposes to mobilise the Flexibility Instrument in 2017, for which the ceiling on the annual amount available is €471 million (2011 prices) corresponding to €530 million in current prices. This mobilisation concerns an amount of €530 million beyond the ceiling of heading 3 of the multiannual financial framework, and is intended to finance support for measures for managing the migration, refugee and security crisis. See also: |
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Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2016:313:FIN |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |