| Author (Corporate) | European Parliament: European Parliamentary Research Service |
|---|---|
| Series Title | Briefing |
| Series Details | July 2015 |
| Publication Date | July 2015 |
| Content Type | Journal | Series | Blog |
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As a consequence of the late agreement on the overall 2014-20 Multiannual Financial Framework (MFF), the various legal acts setting out the provisions for implementing the funds throughout that period were adopted much later than planned. As a result, the funds allocated for 2014, amounting to some €21 billion – equivalent to almost 15% of the 2014 budget, were not able to be used that year, and this revision of the MFF is intended to ensure that the programmes can be fully implemented in 2015 and beyond. The legal instruments concerned are the European Regional Development Fund (ERDF), the European Social Fund (ESF), the Cohesion Fund (CF), the European Agricultural Fund for Rural Development (EAFRD); the European Maritime and Fisheries Fund (EMFF), the Asylum, Migration and Integration Fund (AMIF) and the Internal Security Fund (ISF). The revision of the MFF and the adoption of Draft Amending Budget No 2 are a necessary condition for re-programming. Briefing written by Sidonia Jędrzejewska. |
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| Source Link | Link to Main Source http://www.europarl.europa.eu/RegData/etudes/BRIE/2015/565886/EPRS_BRI(2015)565886_EN.pdf |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
