Mobilisation of the Contingency Margin

PURPOSE: to amend Decision (EU) 2015/435 on the mobilisation of the Contingency Margin.

NON-LEGISLATIVE ACT: Decision (EU) 2017/1331 of the European Parliament and of the Council amending Decision (EU) 2015/435 on the mobilisation of the Contingency Margin.

CONTENT: by Decision (EU) 2015/435, the European Parliament and the Council mobilised the Contingency Margin for making available additional payment appropriations in 2014, to be offset in 2018-2020.

This Decision amends Decision (EU) 2015/435. It stipulates that for the general budget of the European Union for the financial year 2014, the Contingency Margin shall be mobilised to provide the amount of EUR 2 818 233 715 in payment appropriations over and above the payment ceiling of the multiannual financial framework.

The abovementioned amount shall be offset against the margin under the payment ceiling for the year 2017 (rather than for the period 2018-2020).

The Decision recalls that according to the medium-term payment forecast presented in the context of the Mid-Term Review of the EU multiannual financial framework for the period 2014-2020, pressure on the annual payment ceilings in the years 2018-2020 is to be expected.

The draft budget for the year 2017 shows a margin below the payment ceiling of EUR 9.6 billion, allowing for the offsetting of the full amount mobilised in 2014.

ENTRY INTO FORCE: 18.7.2017.