DECISION (EU) 2015/435 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
of 17 December 2014
on the mobilisation of the Contingency Margin
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to the Interinstitutional Agreement of 2 December 2013 between the European Parliament, the Council and the Commission on budgetary discipline, on cooperation in budgetary matters and on sound financial management (1), and in particular point 14 thereof,
Having regard to the proposal from the European Commission,
Whereas,
(1)
Article 13 of Council Regulation (EU, Euratom) No 1311/2013 (2) has established a Contingency Margin of up to 0,03 % of the Gross National Income of the Union.
(2)
In accordance with Article 6 of that Regulation, the Commission has calculated the absolute amount of the Contingency Margin for 2014 (3).
(3)
After having examined all other financial possibilities to react to unforeseen circumstances that have arisen after the multiannual financial framework payment ceiling for 2014 was first established in February 2013, it appears necessary to mobilise the Contingency Margin to complement the payment appropriations in the general budget of the European Union for the financial year 2014, above the payment ceiling.
(4)
An amount of EUR 350 million in payment appropriations should be included in the mobilisation of the Contingency Margin pending an agreement on payments for other special instruments.
(5)
Having regard to the very particular situation which has arisen this year, the last-resort condition in Article 13(1) of Regulation (EU, Euratom) No 1311/2013 is fulfilled.
(6)
To ensure compliance with Article 13(3) of Regulation (EU, Euratom) No 1311/2013, the Commission should present a proposal on the offsetting of the relevant amount in the MFF payment ceilings for one or more future financial years, having due regard to the agreement on payments for other special instruments, and without prejudice to the institutional prerogatives of the Commission,
HAVE ADOPTED THIS DECISION:
Article 1
For the general budget of the European Union for the financial year 2014, the Contingency Margin shall be used to provide the sum of EUR 3 168 233 715 in payment appropriations over and above the payment ceiling of the multiannual financial framework.
Article 2
The sum of EUR 2 818 233 715 shall be offset in three instalments against the margins under the payment ceilings for the following years:
(a)
2018: EUR 939 411 200;
(b)
2019: EUR 939 411 200;
(c)
2020: EUR 939 411 315.
The Commission is invited to present in a timely manner a proposal concerning the remaining amount of EUR 350 million.
Article 3
This decision shall be published in the Official Journal of the European Union.
Done at Strasbourg, 17 December 2014.