Legal provisions of COM(2014)328 - Mobilisation of the Contingency Margin in 2014

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dossier COM(2014)328 - Mobilisation of the Contingency Margin in 2014.
document COM(2014)328 EN
date December 17, 2014

Contents

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.