Considerations on COM(2016)607 - Amendment of Decision (EU) 2015/435 on the mobilisation of the Contingency Margin

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dossier COM(2016)607 - Amendment of Decision (EU) 2015/435 on the mobilisation of the Contingency Margin.
document COM(2016)607 EN
date July  4, 2017
 
table>(1)Article 13 of Council Regulation (EU, Euratom) No 1311/2013 (2) has established a Contingency Margin of up to 0,03 % of the gross national income of the Union.
(2)In accordance with Article 6 of Regulation (EU, Euratom) No 1311/2013, the Commission had calculated the absolute amount of the Contingency Margin for 2014 (3).

(3)By Decision (EU) 2015/435 (4), the European Parliament and the Council mobilised the Contingency Margin for making available additional payment appropriations in 2014, to be offset in 2018-2020.

(4)According to the medium-term payment forecast presented in the context of the Mid-Term Review, pressure on the annual payment ceilings in the years 2018-2020 is to be expected.

(5)The draft budget for the year 2017 shows a margin below the payment ceiling of EUR 9,6 billion, allowing for the offsetting of the full amount mobilised in 2014.

(6)Decision (EU) 2015/435 should therefore be amended accordingly,