Considerations on COM(2018)614 - Amendment of Regulation (EU) No 1303/2013 as regards the adjustment of annual pre-financing for the years 2021 to 2023

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dossier COM(2018)614 - Amendment of Regulation (EU) No 1303/2013 as regards the adjustment of annual pre-financing for the years 2021 to 2023.
document COM(2018)614 EN
date October 21, 2020
 
table>(1)Regulation (EU) No 1303/2013 of the European Parliament and of the Council (3) lays down the common and general provisions applicable to the European Structural and Investment Funds.
(2)Evidence suggests that the annual pre-financing is set at a particularly high level in comparison with financial management requirements stemming from the implementation of operational programmes; this is in particular the case for the budgetary years 2021 to 2023.

(3)In order to ease the pressure on payment appropriations in the Union budget for the budgetary years 2021 to 2023 and to enhance the predictability of payment requirements and thus contribute to more transparent budgetary planning and a more orderly payment profile, the rate of annual pre-financing for those years should be decreased.

(4)Regulation (EU) No 1303/2013 should therefore be amended accordingly,