Council Regulation (EU, Euratom) 2017/1123 of 20 June 2017

What it is

to amend Regulation (EU, Euratom) No 1311/2013 laying down the multiannual financial framework for the years 2014-2020 in order to maintain a sufficient capacity for the Union to react to unforeseen circumstances. ROLE OF THE EUROPEAN PARLIAMENT: Council may adopt the act only if Parliament has given its consent to the act. BACKGROUND: the special instruments have been extensively used in the first years of implementation of the 2014-2020 multiannual financial framework (MFF) set out in Council Regulation (EU, Euratom) No 1311/2013 to address new challenges which arose in the European neighbourhood and called for swift and comprehensive Union action to deal with their far-reaching humanitarian and security implications. In order to mobilise additional financial means for measures contributing to tackle the above mentioned challenges, wide use has been made of all budgetary availabilities, including redeployments, margins and special instruments, and new instruments such as European Union Trust Funds and the Facility for Refugees in Turkey were set up to draw additional funding whilst respecting the constraints set by the MFF. Given the persistent nature of these new challenges, the Union shall maintain a sufficient capacity to react to unforeseen circumstances. CONTENT: the Council draft seeks to amend the MFF Regulation to allow the Union to react rapidly to crises, such as the current migration crisis, as well as to events with serious humanitarian or security implications during the remaining period of the MFF. increase the maximum amounts for the adjustment of payment ceilings for the years 2019-2020 under the global margin for payments. The maximum amounts shall be set at EUR 7 billion in 2018; EUR 11 billion in 2019 and EUR 13 billion in 2020; strengthen the Emergency Aid Reserve : the annual amount of the Reserve is fixed at EUR 300 million (2011 prices): strengthen the Flexibility Instrument : a ceiling on the annual amount available for the Flexibility Instrument shall be EUR 600 million (2011 prices); ensure specific and maximum possible flexibility should also be ensured by providing for unused amounts from the European Union Solidarity Fund and the European Globalisation Adjustment Fund to be made available to the Flexibility Instrument; provide that the margins left available below the MFF ceilings for commitment appropriations shall constitute a Global MFF Margin for commitments, to be made available over and above the ceilings established in the MFF for the years 2016 to 2020 for policy objectives related to growth and employment, in particular youth employment, and to migration and security. The Committee on Budgets adopted the report presented jointly by Jan OLBRYCHT (EPP, PL) and Isabelle THOMAS (S&D, FR) on the draft Council regulation amending Regulation (EU, Euratom) No 1311/2013 laying down the multiannual financial framework for the years 2014-2020. The committee recommended the European Parliament to give its consent to the draft Council regulation as annexed in the draft resolution. fix the maximum amounts of annual adjustments (in 2011 prices) for the years 2018-2020 as compared to the original payment…

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