Simpler use of EU funds: Council confirms deal with Parliament - Main contents

The EU is simplifying the rules on using money from the EU budget. On 19 April 2018, the Council’s Permanent Representatives Committee (Coreper) endorsed an agreement reached with the European Parliament on the so-called Omnibus regulation on EU financial rules. The regulation will amend the existing financial regulation which sets out a general framework for budget management, as well as a series of acts governing EU multiannual programmes in specific fields, including cohesion policy.

There will be simpler rules on using different types of funds, whether these are managed directly by the Commission, indirectly by various organisations and bodies, or jointly with national authorities.

Marinela Petrova, Deputy Finance Minister of Bulgaria