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Thursday, January 21, 2021

Aid to the most vulnerable: Parliament increases funds

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The Parliament voted today an extension of the resources allocated to help the poorest in order to mitigate the effects of the sanitary crisis.



With 649 votes in favour, 7 against and 31 abstentions, Parliament approved the agreement to adapt the FEAD regulation that was reached with the member states in December last year.

The adapted regulation allows member states to continue to use the additional funds made available for post-COVID-19 recovery under the REACT-EU initiative in 2021 and 2022. Member states can choose to increase the resources provided in the FEAD regulation for food aid and other basic assistance for those most in need. In order to alleviate the current burden on public budgets, the additional resources will not be co-financed by member states and the Commission will provide pre-financing to further expedite delivery.


Source :  Euractiv


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