Legal provisions of COM(2017)480 - Mobilisation of the Flexibility Instrument to provide the financing for the European Fund for Sustainable Development

Please note

This page contains a limited version of this dossier in the EU Monitor.

dossier COM(2017)480 - Mobilisation of the Flexibility Instrument to provide the financing for the European Fund for Sustainable Development.
document COM(2017)480 EN
date October 25, 2017

Contents

Article 1

1. For the general budget of the Union for the financial year 2017, the Flexibility Instrument shall be mobilised to provide the amount of EUR 275 000 000 in commitment appropriations in heading 4 (Global Europe).

The amount referred to in the first paragraph shall be used to provide the financing for the European Fund for Sustainable Development Guarantee Fund.

2. On the basis of the expected payment profile, the payment appropriations corresponding to the mobilisation of the Flexibility Instrument will be EUR 275 000 000 in 2017. The amount shall be authorised in accordance with the budgetary procedure.

Article 2

This Decision shall enter into force on the day of its publication in the Official Journal of the European Union.