Regulation (EU) 2018/1719

What it is

to amend Regulation (EU) No 1303/2013 as regards the resources for economic, social and territorial cohesion and correcting that Regulation as regards the resources for the investment for growth and jobs goal. PROPOSED ACT: Regulation of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council. BACKGROUND: Regulation (EU) No 1303/2013 of the European Parliament and of the Council lays down the common and general rules applicable to the European Structural and Investment Funds (ESI Fund). This Regulation was amended by Regulation (EU) 2017/2305 of the European Parliament and of the Council as regards the resources allocated for economic, social and territorial cohesion. The Committee on Regional Development adopted the report by Iskra MIHAYLOVA (ALDE, BG) on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1303/2013 as regards the resources for economic, social and territorial cohesion and correcting that Regulation as regards the resources for the Investment for growth and jobs goal. The committee recommended that the European Parliament adopt its position at first reading, taking over the Commission proposal . As a reminder, the proposal to amend the Regulation laying down common provisions applicable to the European Structural and Investment Funds (‘ESI Fund’) concerns the financing of the Youth Employment Initiative (YEI) in 2018. The YEI is part of the Youth Guarantee, which is a scheme whereby Member States implement measures to ensure that young people up to the age of 25 receive a good quality offer of employment, continued education, an apprenticeship or a traineeship within four months of leaving school or becoming unemployed. The present proposal frontloads some of the 2020 appropriations for the YEI to 2018. An increase in the budgetary means for the YEI in 2018 was agreed in the budgetary negotiations for 2018. The increase is considerable, namely by an amount of EUR 116.7 million, which brings the total YEI budget for 2018 to EUR 350 million. The Committee on Regional Development has therefore decided to follow the simplified procedure for this textually minor amendment to the Regulation on common provisions and proposed the rapid adoption of the proposal, without amendments. The European Parliament adopted 582 votes to 51, with 32 abstentions, a legislative resolution on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1303/2013 as regards the resources for economic, social and territorial cohesion and correcting that Regulation as regards the resources for the Investment for growth and jobs goal. The European Parliament adopted its position at first reading under the ordinary legislative procedure without making any amendments to the Commission's proposal . The present proposal seeks to frontload some of the 2020 appropriations for the YEI to 2018 . An increase in the budgetary means for the YEI in 2018 was agreed in the budgetary negotiations for 2018. The increase…

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