Proposal for a Decision of the European Parliament and of the Council on the mobilisation of the Contingency Margin in 2014

Council Regulation 1311/2013 laying down the multiannual financial framework for the years 2014-2020 (‘MFF Regulation’) allows for the mobilisation of the Contingency Margin of up to 0.03 % of Gross National Income for the EU-28 to react to unforeseen circumstances as a last resort instrument. In the technical adjustment of the MFF for 2014, based on Article 6 of the MFF Regulation, the absolute amount of the Contingency Margin for the year 2014 was set at €4,026.7 million.

In accordance with Article 13 of the MFF Regulation, and after having examined all possibilities for financing additional and unforeseen payment needs, the Commission proposes to mobilise the Contingency Margin for 2014 in full so as to complement the payment appropriations related to expenditure in sub-heading 1a, sub-heading 1b, heading 2 and heading 4 in the general budget of the European Union for the financial year 2014, over and above the payment ceiling of €135,866 million for payments.

• Primary Source

EUR-Lex: COM(2014)328: Follow the progress of this proposal through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2014:328:FIN

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