10th financial report on the European Agricultural Fund for Rural Development (EAFRD) – 2016 financial year

Summary:

The 2016 Draft Budget was adopted by the Commission and proposed to the Budgetary Authority on 24 June 2015. The Draft Budget included €3,268 million in payment appropriations for the European Agricultural Fund for Rural Development (EAFRD) for the 2007-2013 programming period. No commitment appropriations were requested for year 2016 as the 2007-2013 programming period ended at the end of 2013. For the programming period 2014-2020, the Draft Budget included €18,672 million in commitment appropriations and €8,594 million in payment appropriations.

The Council adopted its position on the 2016 Draft Budget on 4 September 2015 and the European Parliament adopted its position on 28 October 2015. The Conciliation Committee had to be convened and the Committee agreed on a joint text within the 21-day time limit. The Council approved the joint text on 24 November 2015 and the European Parliament approved it on 25 November 2015.

The 2016 budget was finally adopted on 25 November 2015, decreasing EAFRD payment appropriations by €120 million, of which €33 million was for the 2007-2013 programming period and €87 million for the 2014-2020 period.