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Wednesday, May 6, 2020

Committee on budgets adopts a legislative initiative report on the MFF

Employment, Social Affairs, Research, Health, Economy - Finances, SME Policy,-,

News The legislative initiative report requests from the Commission the submission of a proposal for an Multi Financial Framework contingency plan by the 15th June to provide safety net for EU programmes beneficiaries.

The aim is to provide a safety net for beneficiaries of EU programmes such as citizens, regions, cities, farmers, universities or businesses, and rule out any risk of the current MFF and programmes being discontinued or extended in a disorderly way.

MEPs say the plan should make it possible to refocus the budget temporarily on addressing and mitigating the immediate economic and social consequences of the COVID-19 outbreak and on helping in the recovery, including additional flexibility and funding to this end which would be based on what was already done under this year’s budget. 

Source :  European Parliament - Press corner


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