| Author (Corporate) | Council of the European Union, European Parliament |
|---|---|
| Series Title | Official Journal of the European Union |
| Series Details | (L) 2024/2509 |
| Publication Date | 26/09/2024 |
| Content Type | Legislation, Policy-making |
Summary:Regulation (EU, Euratom) 2024/2509 - adopted by the co-legislators on 23 September 2024 - revising the so-called Financial Regulation. Further information:This Regulation lays down the rules for the establishment and the implementation of the general budget of the European Union (EU) and of the European Atomic Energy Community (Euratom) and the presentation and auditing of their accounts. It comprises the principles and general financial rules for establishing and implementing the general budget. The Act revises the existing legislative framework in place through Regulation (EU, Euratom) 2018/1046, also known as the Financial Regulation. The amendments were introduced to align the existing Regulation with the Multiannual Financial Framework (MFF) 2021-2027, and to maintain a single rulebook governing the expenditure of the EU. The revision also included targeted improvements and simplifications, which built on the lessons learned from the COVID-19 pandemic and focus on crisis management. The draft law was adopted by the European Commission on 16 May 2022. The European Parliament's relevant committee adopted a negotiating position on 27 April 2023. The Council of the European Union adopted its general approach to the proposal on 14 June. An informal agreement between the co-legislators on a compromise text for this file was reached on 7 December. This was formally endorsed by Parliament on 14 March 2024 and by the Council on 19 September. The Act was signed by the co-legislators on 23 September 2024 and published in the Official Journal on 26 September 2024. |
|
| Source Link | Link to Main Source http://data.europa.eu/eli/reg/2024/2509/oj |
| Related Links |
|
| Subject Categories | Economic and Financial Affairs |
| Subject Tags | EU Budget |
| International Organisations | European Union [EU] |
