Amending budget 7/2013: increasing the European Social Fund (ESF) allocations to address unemployment, poverty and social exclusion in France, Italy and Spain
PURPOSE: definitive adoption of amending budget No 7 of the European Union for the financial year 2013.
LEGISLATIVE ACT: Decision 2014/64/EU, Euratom.
CONTENT: the European Parliament definitively adopted amending budget No 7 of the European Union for the financial year 2013, in accordance with its resolution of 19 November 2013 (please see the summary of the resolution.)
To recall, this amending budget covers an increase of commitment appropriations of EUR 150 million in commitment appropriations under heading 1b of the multi-annual financial framework (MFF), with the aim of addressing specific situations relating to unemployment, in particular youth unemployment, and of poverty and social exclusion affecting France, Italy and Spain, and increasing the European Social Fund (ESF) benefiting these Member States.
The reinforcement of EUR 150 million in commitment appropriations will be covered by the margin under the expenditure ceiling of heading 1b (EUR 16 million), and by the mobilisation of the Flexibility Instrument (EUR 134 million) targeted at this specific action.