Considerations on COM(2015)296 - Financial contributions to be paid by Member States to finance the European Development Fund in 2015, including the second instalment for 2015

Please note

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

 
dossier COM(2015)296 - Financial contributions to be paid by Member States to finance the European Development Fund in 2015, including the second ...
document COM(2015)296 EN
date June 15, 2015
 
(1) in accordance with the procedure laid down in Articles 57 to 61 of the 10th EDF Financial Regulation16, the Commission is presenting a proposal by 15 June specifying (a) the amount of the second instalment of the contribution for 2015, and (b) a revised annual amount of the contribution for the year 2015 in line with actual needs, in case where, in accordance with Article 7(3) of the 10th EDF Internal Agreement, the annual amount deviate from actual needs;

(2) The Council has adopted on 29 October 2014, on a proposal made by the Commission, the decision to fix at EUR 3.400.000.000 the Commission's share and at EUR 200.000.000 the European Investment Bank's share of the annual amount of the Member States contributions to the EDF for 201517.

(3) In accordance with Article 7(3) of the 10th EDF Internal Agreement, if the contributions decided deviate from EDF's actual needs, the Commission should submit a proposal to the Council to amend the contribution amounts within the ceiling already decided. Due to extra payments recorded in 2014 for EUR 132.000.000 above the projected amount, and the very low rate of commitments in 2014 under the Bridging Facility, the Commission evaluates that it is justified to reduce its request by EUR 200.000.000. Therefore, a revised amount of the Member States' contributions to the EDF for 2015 allocated to the Commission should be set at EUR 3.200.000.000 instead of EUR 3.400.000.000.

(4) In accordance with the first paragraph of Article 145 of the 10th EDF Financial Regulation18, the EIB has sent the Commission its updated estimates of commitments and payments under the instruments it manages;

(5) Article 58(2) of the 10th EDF Financial Regulation19 provides that calls for contributions first use up the amounts provided for previous EDFs. Therefore a call for funds under the 10th EDF should be made on the basis of Article 58 (2) of the 10th EDF Financial Regulation for the EIB.