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EU budget: Transfer of unused 2014 EU budget commitments
Submitted by Karolina on Wed, 21/01/2015 - 09:42
Press Release
The European Commission asked yesterday for the approval of the European Parliament and the Council to transfer unused commitments of 21 billion euro from 2014 to the budgets of 2015-2017. This concerns the following funds under shared management:
• European Regional Development Fund (ERDF)
• European Social Fund (ESF)
• Youth Employment Initiative (YEI)
• Cohesion Fund (CF)
• European Agricultural Fund for Rural Development (EAFRD)
• European Maritime and Fisheries Fund (EMFF)
• Asylum, Migration and Integration Fund (AMIF)
• Internal Security Fund (ISF)
This will be a one-time transfer, which will ensure that funding is still available for programmes that were not finalized in 2014. Yesterday's proposal will not affect the total amounts for the 2014-2020 period. The same procedure was applied at the start of the two previous budget cycles.
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