European Council Approves Additional Funds For 2013 EU Budget
The Council of the European Union has formally approved the amending of EU budget for 2013 to meet the remaining payment needs, the Lithuanian presidency of the Council announced Wednesday.
Formal adoption of the draft amending budgets No 8 and 9 by the European Council follows the political agreement reached by the Committee of the Permanent Representatives (COREPER), made up of the heads or deputy heads of mission from the EU member states in Brussels, on October 14.
Draft amending budget No 8 aims to cover the outstanding payment needs amounting to 3.9 billion euros in areas such as Cohesion policy until the end of the year. It constitutes the remaining part of 11.2 billion euros from the draft amending budget No 2, of which 7.3 billion euros were adopted earlier this year.
Draft amending budget No 9 covers 400.5 million euros in commitments and payments for the EU solidarity fund to Germany, Austria and the Czech Republic, which suffered from floods, and Romania, which suffered from drought and forest fires.
The payments are covered by redeploying funds from the so-called "global transfer" presented by the European Commission.
"By adopting the draft amending budgets No 8 and 9 the Council has fulfilled its commitment, assumed as part of the political agreement with the European Parliament on the 2014-2020 multiannual financial framework, to take all necessary additional steps to ensure that the Union's obligations for 2013 are fully honored in order to avoid any shortfall in justified payment appropriations," the Lithuanian Presidency of the Council said in the press release.
To allow the disbursement of additional funds formally endorsed by the European Council on Wednesday, the draft amending budgets No 8 and 9 is now required to be approved by the European Parliament.
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