BETA


2015/2011(BUD) Amending budget 2/2015: European Fund for Strategic Investments (EFSI)

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead BUDG GARDIAZABAL RUBIAL Eider (icon: S&D S&D) MUREŞAN Siegfried (icon: PPE PPE), KÖLMEL Bernd (icon: ECR ECR), TORVALDS Nils (icon: ALDE ALDE), NÍ RIADA Liadh (icon: GUE/NGL GUE/NGL), TARAND Indrek (icon: Verts/ALE Verts/ALE), ZANNI Marco (icon: EFDD EFDD)
Committee Opinion ECON
Committee Opinion EMPL
Committee Opinion ENVI
Committee Opinion ITRE VAN BREMPT Kathleen (icon: S&D S&D) David BORRELLI (icon: EFDD EFDD), Paloma LÓPEZ BERMEJO (icon: GUE/NGL GUE/NGL), Claude TURMES (icon: Verts/ALE Verts/ALE)
Committee Opinion TRAN AYALA SENDER Inés (icon: S&D S&D), RIQUET Dominique (icon: ALDE ALDE) Merja KYLLÖNEN (icon: GUE/NGL GUE/NGL)
Committee Opinion REGI VAN NISTELROOIJ Lambert (icon: PPE PPE) Mercedes BRESSO (icon: S&D S&D), Ivan JAKOVČIĆ (icon: ALDE ALDE)
Committee Opinion CULT
Lead committee dossier:

Events

2015/10/07
   Final act published in Official Journal
Details

PURPOSE: definitive adoption of Amending budget No 2/2015.

LEGISLATIVE ACT: definitive adoption (EU, Euratom) 2015/1766 of Amending budget No 2 of the European Union for the financial year 2015.

CONTENT: the European Parliament definitively adopted Amending budget 2/2015 of the European Union in accordance with its resolution of 7 July 2015 (please see the summary of the resolution).

This amending Budget aims to establish the budgetary structure necessary to make provision for the Guarantee Fund in 2015.

In accordance with the Amending budget, a total amount of EUR 1 350 million in commitment appropriations. is being redeployed from;

the Connecting Europe Facility (EUR 790 million), Horizon 2020 (EUR 70 million) and ITER (EUR 490 million).

The provisioning in commitment and payment appropriations of the European Investment Advisory Hub, amounting to EUR 10 million each, is fully redeployed from ITER.

2015/07/07
   EP - Results of vote in Parliament
2015/07/07
   EP - Decision by Parliament, 1st reading/single reading
Details

The European Parliament adopted by 545 votes to 122, with 42 abstentions, a resolution on the Council position on Draft amending budget No 1/2015 of the European Union for the financial year 2015, Section III – Commission accompanying the proposal for a Regulation of the European Parliament and of the Council on the European Fund for Strategic Investments and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013.

Parliament recalled that this Draft amending budget No 1/2015 aims to transpose the necessary changes to the budget nomenclature in line with the legislative agreement on the European Fund for Strategic Investments (EFSI) and to provide for the necessary reallocation of EUR 1 360 million in commitment appropriations and EUR 10 million in payment appropriations.

For the provisioning of the guarantee fund in 2015 a total amount of EUR 1 350 million is being redeployed from the Connecting Europe Facility (EUR 790 million), Horizon 2020 (EUR 70 million) and ITER (EUR 490 million) in commitment appropriations. The Commission intends to offset the reduction for ITER by an equivalent increase over the period 2018-2020 .

The provisioning in commitment and payment appropriations of the European Investment Advisory Hub, amounting to EUR 10 million each, is fully redeployed from ITER (budget article 08 04 01 02).

Parliament stressed that all additional appropriations to implement the EFSI in commitments and payments are fully redeployed, thus leaving the overall commitment and payment appropriations in the 2015 budget unchanged.

Following the budgetary negotiations : in general, Parliament welcomed the dedication of all institutions to find an agreement on the EFSI in due time to allow for its launch as quickly as possible. It stated that the outcome of the negotiations is better than the original Commission proposal.

It reiterated the role of the Union budget in creating added value by pooling resources and ensuring a high degree of synergies between the European Structural and Investment Funds and EFSI. Parliament also supported the mobilisation of additional sources of private and public finance to fund investment on goals of a European dimension, in particular by addressing cross-border challenges in areas such as energy, environment and transport infrastructure.

It welcomed the fact that an additional EUR 1 billion compared to the initial Commission proposal will be financed through the Global MFF margin for commitments, stemming from margins left available in the 2014 and 2015 budgets, thus reducing the redeployment from CEF and Horizon 2020. It regretted, however, in general the redeployment from CEF and Horizon 2020 as they are essential programmes for jobs and growths in Europe. Parliament seeks to remedy these redeployments in the upcoming annual budgetary procedures.

At the same time, Parliament adopted the Draft amending budget No 1/2015 as modified by the Council in line with the legislative agreement on the EFSI, given its interest to launch the EFSI as quickly as possible.

Documents
2015/07/07
   EP - End of procedure in Parliament
2015/07/06
   EP - Committee referral announced in Parliament, 1st reading/single reading
2015/06/30
   EP - Budgetary report tabled for plenary, 1st reading
Details

The Committee on Budgets adopted the report by Eider GARDIAZABAL RUBIAL (S&D, ES) on the Council position on Draft amending budget No 1/2015 of the European Union for the financial year 2015, Section III – Commission accompanying the proposal for a Regulation of the European Parliament and of the Council on the European Fund for Strategic Investments and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013.

The committee recalled that Draft amending budget No 1/2015 aims to transpose the necessary changes to the budget nomenclature in line with the legislative agreement on the European Fund for Strategic Investments (EFSI) and to provide for the necessary reallocation of EUR 1 360 million in commitment appropriations and EUR 10 million in payment appropriations.

For the provisioning of the guarantee fund in 2015 a total amount of EUR 1 350 million is being redeployed from the Connecting Europe Facility (EUR 790 million), Horizon 2020 (EUR 70 million) and ITER (EUR 490 million) in commitment appropriations. The Commission intends to offset the reduction for ITER by an equivalent increase over the period 2018-2020 .

The provisioning in commitment and payment appropriations of the European Investment Advisory Hub, amounting to EUR 10 million each, is fully redeployed from ITER (budget article 08 04 01 02).

Members stressed that all additional appropriations to implement the EFSI in commitments and payments are fully redeployed, thus leaving the overall commitment and payment appropriations in the 2015 budget unchanged.

Following the budgetary negotiations : in general, Members welcomed the dedication of all institutions to find an agreement on the EFSI in due time to allow for its launch as quickly as possible. Members stated that the outcome of the negotiations is better than the original Commission proposal.

They reiterated the role of the Union budget in creating added value by pooling resources and ensuring a high degree of synergies between the European Structural and Investment Funds and EFSI.

They welcomed the fact that an additional EUR 1 billion compared to the initial Commission proposal will be financed through the Global MFF margin for commitments, stemming from margins left available in the 2014 and 2015 budgets, thus reducing the redeployment from CEF and Horizon 2020. They regretted, however, in general the redeployment from CEF and Horizon 2020 as they are essential programmes for jobs and growths in Europe. They called on the Parliament to remedy these redeployments in the upcoming annual budgetary procedures.

At the same time, Members affirmed Parliament’s willingness to adopt Draft amending budget No 1/2015 as modified by the Council in line with the legislative agreement on the EFSI, given its interest to launch the EFSI as quickly as possible.

Documents
2015/06/26
   CSL - Council position on draft budget published
Details

On 15 January 2015, the Commission submitted draft amending budget (DAB) No 1/2015 accompanying the proposal for a Regulation of the European Parliament and of the Council on the European Fund for Strategic Investment (EFSI Regulation) and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013.

The aim of this DAB is to create a budgetary structure in the EU budget for the provisioning of the guarantee fund in 2015.

In terms of appropriations, DAB No 1/2015 proposes to redeploy EUR 1 360 million in commitment appropriations to the newly created guarantee fund and to transfer EUR 10 million in payment appropriations for the financing of the European Investment Advisory Hub and the European Investment Project Portal.

In order to enable the above-mentioned redeployments, the following reductions are proposed: EUR 790 million in commitment appropriations from the Connecting Europe Facility, EUR 70 million in commitment appropriations from Horizon 2020 and EUR 500 million in commitments from ITER. EUR 10 million in payment appropriations are redeployed from the ITER programme.

On 26 June 2015, the Council adopted its position on DAB No 1/2015 as set out in the annex to this draft amending budget (DAB) No 1/2015 (please see the technical annex to the Council document 9876/15 ).

Documents
2015/06/26
   CSL - Draft budget approved by Council
2015/06/23
   EP - Vote in committee, 1st reading/single reading
2015/06/15
   EP - Amendments tabled in committee
Documents
2015/06/04
   EP - Committee draft report
Documents
2015/04/15
   EP - Committee opinion
Documents
2015/04/14
   EP - Committee opinion
Documents
2015/03/31
   PT_PARLIAMENT - Contribution
Documents
2015/03/27
   EP - Committee opinion
Documents
2015/03/26
   RO_SENATE - Contribution
Documents
2015/02/11
   EP - VAN NISTELROOIJ Lambert (PPE) appointed as rapporteur in REGI
2015/02/10
   EP - VAN BREMPT Kathleen (S&D) appointed as rapporteur in ITRE
2015/01/29
   EP - AYALA SENDER Inés (S&D) appointed as rapporteur in TRAN
2015/01/29
   EP - RIQUET Dominique (ALDE) appointed as rapporteur in TRAN
2015/01/19
   EP - GARDIAZABAL RUBIAL Eider (S&D) appointed as rapporteur in BUDG
2015/01/13
   EC - Commission draft budget published
Details

PURPOSE: presentation of draft amending budget No 1 to the general budget 2015.

CONTENT: on 26 November 2014, the Commission proposed " An Investment Plan for Europe " aiming at the mobilisation of at least EUR 315 billion in additional investment over the next three years. To this end, a new European Fund for Strategic Investments (EFSI) will be set up in partnership between the Commission and the European Investment Bank (EIB). EFSI will be supported by a guarantee of EUR 16 billion from the EU budget, backed by a guarantee fund covering 50% of the EFSI outstanding liabilities.

The legislative proposal for the establishment of EFSI was adopted by the Commission on 13 January 2015. According to the conclusions of the European Council held on 18 December 2014, the Union legislators are invited to agree on the proposals by June 2015, so that new investment can be activated as early as mid-2015.

In accordance with the legislative proposal, Draft Amending Budget (DAB) No 1 for the year 2015 creates the budgetary structure for the provisioning of the guarantee fund , and possible calls on the EU guarantee, as well as the budgeting of the appropriations for the provision of advisory support for investment project identification, preparation and development.

Provisioning of the guarantee fund : the amount of the guarantee fund shall be gradually increased to reach the target amount of EUR 8 billion, i.e. 50% of the total EU guarantee of EUR 16 billion. Payment appropriations from the general budget of the Union shall be phased in by 2020 following the indicative schedule provided in Annex I of the draft regulation establishing the Funds.

No payment appropriations are required for the budgetary year 2015.

The EUR 8 billion in commitment appropriations required for provisioning the guarantee fund will be financed as follows:

EUR 3.3 billion from the Connecting Europe Facility (CEF); EUR 2.7+ billion from Horizon 2020 (H2020); EUR 2 billion from unallocated margins under the expenditure ceilings of the multi-annual financial framework (MFF), including the possible use of the Global Margin for Commitments.

It is also proposed for an amount of EUR 1 350 million in commitment appropriations is proposed to be redeployed to the new budget article (01 04 05) to provision the EFSI guarantee fund for the year 2015 by:

reducing the CEF commitment appropriations by EUR 790 million (on the basis of the sector-specific multi-annual work programmes); reducing the commitment appropriations of H2020 to EUR 70 million to take account of the consortia planning activities and the proposals already prepared by the European research community for the year 2015; reallocating EUR 490 million in 2015 from ITER (budget item 08 04 01 02).

In addition, for the year 2015, the Commission proposes to budget EUR 10 million in both commitment and payment appropriations on the new budget article 01 04 06 as contribution from the general budget of the Union to the financing of the European Investment Advisory Hub (EIAH). The European Investment Bank and the Commission estimate the level of the required annual contribution from the Union to the EIAH at EUR 20 million. Given the envisaged date of June 2015 for the adoption of the EFSI regulation, the Commission proposes to budget EUR 10 million for 2015 . The Commission proposes to offset these amounts through a corresponding reduction of the ITER budget item 08 04 01 02 in commitments and payments.

Budgetary structure : the purpose of DAB No 1 is to propose the necessary changes to the budget nomenclature and to make the corresponding reallocation of EUR 1 360 million in commitment appropriations and EUR 10 million in payment appropriations . The overall impact in terms of expenditure or revenue is neutral for the 2015 budget .

Documents

Votes

A8-0221/2015 - Eider Gardiazabal Rubial - Résolution

2015/07/07 Outcome: +: 545, -: 122, 0: 42
DE PL ES RO IT FR GB BG HU PT CZ SE FI SK NL HR LT BE AT SI LV LU IE EE MT DK CY EL
Total
91
50
49
31
70
72
71
16
18
20
21
17
13
12
23
11
10
18
16
8
8
6
10
6
6
12
5
18
icon: PPE PPE
208
2

Luxembourg PPE

3

Estonia PPE

For (1)

1

Denmark PPE

For (1)

1

Cyprus PPE

1
icon: S&D S&D
178
3
3
5

Netherlands S&D

3

Croatia S&D

2

Slovenia S&D

For (1)

1

Latvia S&D

1

Luxembourg S&D

For (1)

1

Ireland S&D

For (1)

1

Estonia S&D

For (1)

1

Malta S&D

3

Cyprus S&D

2
icon: ALDE ALDE
66

Romania ALDE

3

United Kingdom ALDE

1

Croatia ALDE

2

Austria ALDE

For (1)

1

Slovenia ALDE

For (1)

1

Latvia ALDE

1

Luxembourg ALDE

For (1)

1

Ireland ALDE

For (1)

1

Estonia ALDE

3

Denmark ALDE

2
icon: Verts/ALE Verts/ALE
48

Hungary Verts/ALE

2

Finland Verts/ALE

For (1)

1

Netherlands Verts/ALE

2

Croatia Verts/ALE

For (1)

1

Lithuania Verts/ALE

For (1)

1

Belgium Verts/ALE

For (1)

1

Austria Verts/ALE

Against (1)

3

Slovenia Verts/ALE

For (1)

1

Latvia Verts/ALE

1

Luxembourg Verts/ALE

For (1)

1

Estonia Verts/ALE

For (1)

1

Denmark Verts/ALE

For (1)

1
icon: ECR ECR
71

Italy ECR

For (1)

1

Bulgaria ECR

2

Czechia ECR

2
2

Netherlands ECR

For (1)

Abstain (1)

2

Croatia ECR

For (1)

1

Lithuania ECR

1

Latvia ECR

Abstain (1)

1

Greece ECR

Abstain (1)

1
icon: NI NI
11

Germany NI

2

Poland NI

Against (1)

1

France NI

Against (1)

1

Hungary NI

2
icon: GUE/NGL GUE/NGL
49

Italy GUE/NGL

3

France GUE/NGL

For (1)

4

United Kingdom GUE/NGL

Abstain (1)

1

Portugal GUE/NGL

Abstain (1)

4

Czechia GUE/NGL

Abstain (1)

3

Finland GUE/NGL

Abstain (1)

1

Netherlands GUE/NGL

3
4

Denmark GUE/NGL

Against (1)

1

Cyprus GUE/NGL

Against (1)

Abstain (1)

2
icon: ENF ENF
34

Poland ENF

Against (1)

1

United Kingdom ENF

Against (1)

1

Netherlands ENF

Against (2)

2

Belgium ENF

Against (1)

1

Austria ENF

3
icon: EFDD EFDD
43

Poland EFDD

1

France EFDD

Against (1)

1

Czechia EFDD

Against (1)

1

Sweden EFDD

2
AmendmentsDossier
22 2015/2011(BUD)
2015/03/06 REGI 14 amendments...
source: 551.782
2015/03/16 ITRE 1 amendments...
source: 551.909
2015/06/15 BUDG 7 amendments...
source: 560.731

History

(these mark the time of scraping, not the official date of the change)

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Regional Development
rapporteur
group: EPP name: VAN NISTELROOIJ Lambert
committees/7
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Committee Opinion
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EP
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False
committee_full
Culture and Education
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CULT
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committees/7
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EP
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committee
TRAN
date
committee_full
Transport and Tourism
rapporteur
docs
  • date: 2015-03-27T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE549.360&secondRef=02 title: PE549.360 committee: REGI type: Committee opinion body: EP
  • date: 2015-04-14T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE549.472&secondRef=02 title: PE549.472 committee: TRAN type: Committee opinion body: EP
  • date: 2015-04-15T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE551.763&secondRef=02 title: PE551.763 committee: ITRE type: Committee opinion body: EP
  • date: 2015-06-04T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE560.613 title: PE560.613 type: Committee draft report body: EP
  • date: 2015-06-15T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE560.731 title: PE560.731 type: Amendments tabled in committee body: EP
  • date: 2015-03-31T00:00:00 docs: url: http://www.connefof.europarl.europa.eu/connefof/app/exp/COM(2015)0011 title: COM(2015)0011 type: Contribution body: PT_PARLIAMENT
  • date: 2015-03-26T00:00:00 docs: url: http://www.connefof.europarl.europa.eu/connefof/app/exp/COM(2015)0011 title: COM(2015)0011 type: Contribution body: RO_SENATE
events
  • date: 2015-01-13T00:00:00 type: Commission draft budget published body: EC docs: url: http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2015/0011/COM_COM(2015)0011_EN.pdf title: COM(2015)0011 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2015&nu_doc=0011 title: EUR-Lex summary: PURPOSE: presentation of draft amending budget No 1 to the general budget 2015. CONTENT: on 26 November 2014, the Commission proposed " An Investment Plan for Europe " aiming at the mobilisation of at least EUR 315 billion in additional investment over the next three years. To this end, a new European Fund for Strategic Investments (EFSI) will be set up in partnership between the Commission and the European Investment Bank (EIB). EFSI will be supported by a guarantee of EUR 16 billion from the EU budget, backed by a guarantee fund covering 50% of the EFSI outstanding liabilities. The legislative proposal for the establishment of EFSI was adopted by the Commission on 13 January 2015. According to the conclusions of the European Council held on 18 December 2014, the Union legislators are invited to agree on the proposals by June 2015, so that new investment can be activated as early as mid-2015. In accordance with the legislative proposal, Draft Amending Budget (DAB) No 1 for the year 2015 creates the budgetary structure for the provisioning of the guarantee fund , and possible calls on the EU guarantee, as well as the budgeting of the appropriations for the provision of advisory support for investment project identification, preparation and development. Provisioning of the guarantee fund : the amount of the guarantee fund shall be gradually increased to reach the target amount of EUR 8 billion, i.e. 50% of the total EU guarantee of EUR 16 billion. Payment appropriations from the general budget of the Union shall be phased in by 2020 following the indicative schedule provided in Annex I of the draft regulation establishing the Funds. No payment appropriations are required for the budgetary year 2015. The EUR 8 billion in commitment appropriations required for provisioning the guarantee fund will be financed as follows: EUR 3.3 billion from the Connecting Europe Facility (CEF); EUR 2.7+ billion from Horizon 2020 (H2020); EUR 2 billion from unallocated margins under the expenditure ceilings of the multi-annual financial framework (MFF), including the possible use of the Global Margin for Commitments. It is also proposed for an amount of EUR 1 350 million in commitment appropriations is proposed to be redeployed to the new budget article (01 04 05) to provision the EFSI guarantee fund for the year 2015 by: reducing the CEF commitment appropriations by EUR 790 million (on the basis of the sector-specific multi-annual work programmes); reducing the commitment appropriations of H2020 to EUR 70 million to take account of the consortia planning activities and the proposals already prepared by the European research community for the year 2015; reallocating EUR 490 million in 2015 from ITER (budget item 08 04 01 02). In addition, for the year 2015, the Commission proposes to budget EUR 10 million in both commitment and payment appropriations on the new budget article 01 04 06 as contribution from the general budget of the Union to the financing of the European Investment Advisory Hub (EIAH). The European Investment Bank and the Commission estimate the level of the required annual contribution from the Union to the EIAH at EUR 20 million. Given the envisaged date of June 2015 for the adoption of the EFSI regulation, the Commission proposes to budget EUR 10 million for 2015 . The Commission proposes to offset these amounts through a corresponding reduction of the ITER budget item 08 04 01 02 in commitments and payments. Budgetary structure : the purpose of DAB No 1 is to propose the necessary changes to the budget nomenclature and to make the corresponding reallocation of EUR 1 360 million in commitment appropriations and EUR 10 million in payment appropriations . The overall impact in terms of expenditure or revenue is neutral for the 2015 budget .
  • date: 2015-06-23T00:00:00 type: Vote in committee, 1st reading/single reading body: EP
  • date: 2015-06-26T00:00:00 type: Council position on draft budget published body: CSL docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=9876%2F15&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC title: 09876/2015 summary: On 15 January 2015, the Commission submitted draft amending budget (DAB) No 1/2015 accompanying the proposal for a Regulation of the European Parliament and of the Council on the European Fund for Strategic Investment (EFSI Regulation) and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013. The aim of this DAB is to create a budgetary structure in the EU budget for the provisioning of the guarantee fund in 2015. In terms of appropriations, DAB No 1/2015 proposes to redeploy EUR 1 360 million in commitment appropriations to the newly created guarantee fund and to transfer EUR 10 million in payment appropriations for the financing of the European Investment Advisory Hub and the European Investment Project Portal. In order to enable the above-mentioned redeployments, the following reductions are proposed: EUR 790 million in commitment appropriations from the Connecting Europe Facility, EUR 70 million in commitment appropriations from Horizon 2020 and EUR 500 million in commitments from ITER. EUR 10 million in payment appropriations are redeployed from the ITER programme. On 26 June 2015, the Council adopted its position on DAB No 1/2015 as set out in the annex to this draft amending budget (DAB) No 1/2015 (please see the technical annex to the Council document 9876/15 ).
  • date: 2015-06-26T00:00:00 type: Draft budget approved by Council body: CSL
  • date: 2015-06-30T00:00:00 type: Budgetary report tabled for plenary, 1st reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2015-0221&language=EN title: A8-0221/2015 summary: The Committee on Budgets adopted the report by Eider GARDIAZABAL RUBIAL (S&D, ES) on the Council position on Draft amending budget No 1/2015 of the European Union for the financial year 2015, Section III – Commission accompanying the proposal for a Regulation of the European Parliament and of the Council on the European Fund for Strategic Investments and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013. The committee recalled that Draft amending budget No 1/2015 aims to transpose the necessary changes to the budget nomenclature in line with the legislative agreement on the European Fund for Strategic Investments (EFSI) and to provide for the necessary reallocation of EUR 1 360 million in commitment appropriations and EUR 10 million in payment appropriations. For the provisioning of the guarantee fund in 2015 a total amount of EUR 1 350 million is being redeployed from the Connecting Europe Facility (EUR 790 million), Horizon 2020 (EUR 70 million) and ITER (EUR 490 million) in commitment appropriations. The Commission intends to offset the reduction for ITER by an equivalent increase over the period 2018-2020 . The provisioning in commitment and payment appropriations of the European Investment Advisory Hub, amounting to EUR 10 million each, is fully redeployed from ITER (budget article 08 04 01 02). Members stressed that all additional appropriations to implement the EFSI in commitments and payments are fully redeployed, thus leaving the overall commitment and payment appropriations in the 2015 budget unchanged. Following the budgetary negotiations : in general, Members welcomed the dedication of all institutions to find an agreement on the EFSI in due time to allow for its launch as quickly as possible. Members stated that the outcome of the negotiations is better than the original Commission proposal. They reiterated the role of the Union budget in creating added value by pooling resources and ensuring a high degree of synergies between the European Structural and Investment Funds and EFSI. They welcomed the fact that an additional EUR 1 billion compared to the initial Commission proposal will be financed through the Global MFF margin for commitments, stemming from margins left available in the 2014 and 2015 budgets, thus reducing the redeployment from CEF and Horizon 2020. They regretted, however, in general the redeployment from CEF and Horizon 2020 as they are essential programmes for jobs and growths in Europe. They called on the Parliament to remedy these redeployments in the upcoming annual budgetary procedures. At the same time, Members affirmed Parliament’s willingness to adopt Draft amending budget No 1/2015 as modified by the Council in line with the legislative agreement on the EFSI, given its interest to launch the EFSI as quickly as possible.
  • date: 2015-07-06T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2015-07-07T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=25949&l=en title: Results of vote in Parliament
  • date: 2015-07-07T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2015-0247 title: T8-0247/2015 summary: The European Parliament adopted by 545 votes to 122, with 42 abstentions, a resolution on the Council position on Draft amending budget No 1/2015 of the European Union for the financial year 2015, Section III – Commission accompanying the proposal for a Regulation of the European Parliament and of the Council on the European Fund for Strategic Investments and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013. Parliament recalled that this Draft amending budget No 1/2015 aims to transpose the necessary changes to the budget nomenclature in line with the legislative agreement on the European Fund for Strategic Investments (EFSI) and to provide for the necessary reallocation of EUR 1 360 million in commitment appropriations and EUR 10 million in payment appropriations. For the provisioning of the guarantee fund in 2015 a total amount of EUR 1 350 million is being redeployed from the Connecting Europe Facility (EUR 790 million), Horizon 2020 (EUR 70 million) and ITER (EUR 490 million) in commitment appropriations. The Commission intends to offset the reduction for ITER by an equivalent increase over the period 2018-2020 . The provisioning in commitment and payment appropriations of the European Investment Advisory Hub, amounting to EUR 10 million each, is fully redeployed from ITER (budget article 08 04 01 02). Parliament stressed that all additional appropriations to implement the EFSI in commitments and payments are fully redeployed, thus leaving the overall commitment and payment appropriations in the 2015 budget unchanged. Following the budgetary negotiations : in general, Parliament welcomed the dedication of all institutions to find an agreement on the EFSI in due time to allow for its launch as quickly as possible. It stated that the outcome of the negotiations is better than the original Commission proposal. It reiterated the role of the Union budget in creating added value by pooling resources and ensuring a high degree of synergies between the European Structural and Investment Funds and EFSI. Parliament also supported the mobilisation of additional sources of private and public finance to fund investment on goals of a European dimension, in particular by addressing cross-border challenges in areas such as energy, environment and transport infrastructure. It welcomed the fact that an additional EUR 1 billion compared to the initial Commission proposal will be financed through the Global MFF margin for commitments, stemming from margins left available in the 2014 and 2015 budgets, thus reducing the redeployment from CEF and Horizon 2020. It regretted, however, in general the redeployment from CEF and Horizon 2020 as they are essential programmes for jobs and growths in Europe. Parliament seeks to remedy these redeployments in the upcoming annual budgetary procedures. At the same time, Parliament adopted the Draft amending budget No 1/2015 as modified by the Council in line with the legislative agreement on the EFSI, given its interest to launch the EFSI as quickly as possible.
  • date: 2015-07-07T00:00:00 type: End of procedure in Parliament body: EP
  • date: 2015-10-07T00:00:00 type: Final act published in Official Journal summary: PURPOSE: definitive adoption of Amending budget No 2/2015. LEGISLATIVE ACT: definitive adoption (EU, Euratom) 2015/1766 of Amending budget No 2 of the European Union for the financial year 2015. CONTENT: the European Parliament definitively adopted Amending budget 2/2015 of the European Union in accordance with its resolution of 7 July 2015 (please see the summary of the resolution). This amending Budget aims to establish the budgetary structure necessary to make provision for the Guarantee Fund in 2015. In accordance with the Amending budget, a total amount of EUR 1 350 million in commitment appropriations. is being redeployed from; the Connecting Europe Facility (EUR 790 million), Horizon 2020 (EUR 70 million) and ITER (EUR 490 million). The provisioning in commitment and payment appropriations of the European Investment Advisory Hub, amounting to EUR 10 million each, is fully redeployed from ITER.
links
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  • body: EC dg: url: http://ec.europa.eu/dgs/budget/ title: Budget commissioner: GEORGIEVA Kristalina
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  • See also 2015/0009(COD)
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activities/6/text
  • PURPOSE: definitive adoption of Amending budget No 2/2015.

    LEGISLATIVE ACT: definitive adoption (EU, Euratom) 2015/1766 of Amending budget No 2 of the European Union for the financial year 2015.

    CONTENT: the European Parliament definitively adopted Amending budget 2/2015 of the European Union in accordance with its resolution of 7 July 2015 (please see the summary of the resolution).

    This amending Budget aims to establish the budgetary structure necessary to make provision for the Guarantee Fund in 2015.

    In accordance with the Amending budget, a total amount of EUR 1 350 million in commitment appropriations. is being redeployed from;

    • the Connecting Europe Facility (EUR 790 million),
    • Horizon 2020 (EUR 70 million) and
    • ITER (EUR 490 million).

    The provisioning in commitment and payment appropriations of the European Investment Advisory Hub, amounting to EUR 10 million each, is fully redeployed from ITER.

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Amending budget 1/2015: European Fund for Strategic Investments (EFSI)
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Amending budget 2/2015: European Fund for Strategic Investments (EFSI)
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  • On 15 January 2015, the Commission submitted draft amending budget (DAB) No 1/2015 accompanying the proposal for a Regulation of the European Parliament and of the Council on the European Fund for Strategic Investment (EFSI Regulation) and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013.

    The aim of this DAB is to create a budgetary structure in the EU budget for the provisioning of the guarantee fund in 2015.

    In terms of appropriations, DAB No 1/2015 proposes to redeploy EUR 1 360 million in commitment appropriations to the newly created guarantee fund and to transfer EUR 10 million in payment appropriations for the financing of the European Investment Advisory Hub and the European Investment Project Portal.

    In order to enable the above-mentioned redeployments, the following reductions are proposed: EUR 790 million in commitment appropriations from the Connecting Europe Facility, EUR 70 million in commitment appropriations from Horizon 2020 and EUR 500 million in commitments from ITER. EUR 10 million in payment appropriations are redeployed from the ITER programme.

    On 26 June 2015, the Council adopted its position on DAB No 1/2015 as set out in the annex to this draft amending budget (DAB) No 1/2015 (please see the technical annex to the Council document 9876/15).

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  • The Committee on Budgets adopted the report by Eider GARDIAZABAL RUBIAL (S&D, ES) on the Council position on Draft amending budget No 1/2015 of the European Union for the financial year 2015, Section III – Commission accompanying the proposal for a Regulation of the European Parliament and of the Council on the European Fund for Strategic Investments and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013.

    The committee recalled that Draft amending budget No 1/2015 aims to transpose the necessary changes to the budget nomenclature in line with the legislative agreement on the European Fund for Strategic Investments (EFSI) and to provide for the necessary reallocation of EUR 1 360 million in commitment appropriations and EUR 10 million in payment appropriations.

    For the provisioning of the guarantee fund in 2015 a total amount of EUR 1 350 million is being redeployed from the Connecting Europe Facility (EUR 790 million), Horizon 2020 (EUR 70 million) and ITER (EUR 490 million) in commitment appropriations. The Commission intends to offset the reduction for ITER by an equivalent increase over the period 2018-2020.

    The provisioning in commitment and payment appropriations of the European Investment Advisory Hub, amounting to EUR 10 million each, is fully redeployed from ITER (budget article 08 04 01 02).  

    Members stressed that all additional appropriations to implement the EFSI in commitments and payments are fully redeployed, thus leaving the overall commitment and payment appropriations in the 2015 budget unchanged.

    Following the budgetary negotiations: in general, Members welcomed the dedication of all institutions to find an agreement on the EFSI in due time to allow for its launch as quickly as possible. Members stated that the outcome of the negotiations is better than the original Commission proposal.

    They reiterated the role of the Union budget in creating added value by pooling resources and ensuring a high degree of synergies between the European Structural and Investment Funds and EFSI.

    They welcomed the fact that an additional EUR 1 billion compared to the initial Commission proposal will be financed through the Global MFF margin for commitments, stemming from margins left available in the 2014 and 2015 budgets, thus reducing the redeployment from CEF and Horizon 2020. They regretted, however, in general the redeployment from CEF and Horizon 2020 as they are essential programmes for jobs and growths in Europe. They called on the Parliament to remedy these redeployments in the upcoming annual budgetary procedures.

    At the same time, Members affirmed Parliament’s willingness to adopt Draft amending budget No 1/2015 as modified by the Council in line with the legislative agreement on the EFSI, given its interest to launch the EFSI as quickly as possible.

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  • The European Parliament adopted by 545 votes to 122, with 42 abstentions, a resolution on the Council position on Draft amending budget No 1/2015 of the European Union for the financial year 2015, Section III – Commission accompanying the proposal for a Regulation of the European Parliament and of the Council on the European Fund for Strategic Investments and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013.

    Parliament recalled that this Draft amending budget No 1/2015 aims to transpose the necessary changes to the budget nomenclature in line with the legislative agreement on the European Fund for Strategic Investments (EFSI) and to provide for the necessary reallocation of EUR 1 360 million in commitment appropriations and EUR 10 million in payment appropriations.

    For the provisioning of the guarantee fund in 2015 a total amount of EUR 1 350 million is being redeployed from the Connecting Europe Facility (EUR 790 million), Horizon 2020 (EUR 70 million) and ITER (EUR 490 million) in commitment appropriations. The Commission intends to offset the reduction for ITER by an equivalent increase over the period 2018-2020.

    The provisioning in commitment and payment appropriations of the European Investment Advisory Hub, amounting to EUR 10 million each, is fully redeployed from ITER (budget article 08 04 01 02).  

    Parliament stressed that all additional appropriations to implement the EFSI in commitments and payments are fully redeployed, thus leaving the overall commitment and payment appropriations in the 2015 budget unchanged.

    Following the budgetary negotiations: in general, Parliament welcomed the dedication of all institutions to find an agreement on the EFSI in due time to allow for its launch as quickly as possible. It stated that the outcome of the negotiations is better than the original Commission proposal.

    It reiterated the role of the Union budget in creating added value by pooling resources and ensuring a high degree of synergies between the European Structural and Investment Funds and EFSI. Parliament also supported the mobilisation of additional sources of private and public finance to fund investment on goals of a European dimension, in particular by addressing cross-border challenges in areas such as energy, environment and transport infrastructure.

    It welcomed the fact that an additional EUR 1 billion compared to the initial Commission proposal will be financed through the Global MFF margin for commitments, stemming from margins left available in the 2014 and 2015 budgets, thus reducing the redeployment from CEF and Horizon 2020. It regretted, however, in general the redeployment from CEF and Horizon 2020 as they are essential programmes for jobs and growths in Europe. Parliament seeks to remedy these redeployments in the upcoming annual budgetary procedures.

    At the same time, Parliament adopted the Draft amending budget No 1/2015 as modified by the Council in line with the legislative agreement on the EFSI, given its interest to launch the EFSI as quickly as possible.

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  • PURPOSE: presentation of draft amending budget No 1 to the general budget 2015.

    CONTENT: on 26 November 2014, the Commission proposed "An Investment Plan for Europe" aiming at the mobilisation of at least EUR 315 billion in additional investment over the next three years. To this end, a new European Fund for Strategic Investments (EFSI) will be set up in partnership between the Commission and the European Investment Bank (EIB). EFSI will be supported by a guarantee of EUR 16 billion from the EU budget, backed by a guarantee fund covering 50% of the EFSI outstanding liabilities.

    The legislative proposal for the establishment of EFSI was adopted by the Commission on 13 January 2015. According to the conclusions of the European Council held on 18 December 2014, the Union legislators are invited to agree on the proposals by June 2015, so that new investment can be activated as early as mid-2015.

    In accordance with the legislative proposal, Draft Amending Budget (DAB) No 1 for the year 2015 creates the budgetary structure for the provisioning of the guarantee fund, and possible calls on the EU guarantee, as well as the budgeting of the appropriations for the provision of advisory support for investment project identification, preparation and development.

    Provisioning of the guarantee fund: the amount of the guarantee fund shall be gradually increased to reach the target amount of EUR 8 billion, i.e. 50% of the total EU guarantee of EUR 16 billion. Payment appropriations from the general budget of the Union shall be phased in by 2020 following the indicative schedule provided in Annex I of the draft regulation establishing the Funds.

    No payment appropriations are required for the budgetary year 2015.

    The EUR 8 billion in commitment appropriations required for provisioning the guarantee fund will be financed as follows:

    • EUR 3.3 billion from the Connecting Europe Facility (CEF);
    • EUR 2.7+ billion from Horizon 2020 (H2020);
    • EUR 2 billion from unallocated margins under the expenditure ceilings of the multi-annual financial framework (MFF), including the possible use of the Global Margin for Commitments.

    It is also proposed for an amount of EUR 1 350 million in commitment appropriations is proposed to be redeployed to the new budget article (01 04 05) to provision the EFSI guarantee fund for the year 2015 by:

    • reducing the CEF commitment appropriations by EUR 790 million (on the basis of the sector-specific multi-annual work programmes);
    • reducing the commitment appropriations of H2020 to EUR 70 million to take account of the consortia planning activities and the proposals already prepared by the European research community for the year 2015;
    • reallocating EUR 490 million in 2015 from ITER (budget item 08 04 01 02).

    In addition, for the year 2015, the Commission proposes to budget EUR 10 million in both commitment and payment appropriations on the new budget article 01 04 06 as contribution from the general budget of the Union to the financing of the European Investment Advisory Hub (EIAH). The European Investment Bank and the Commission estimate the level of the required annual contribution from the Union to the EIAH at EUR 20 million. Given the envisaged date of June 2015 for the adoption of the EFSI regulation, the Commission proposes to budget EUR 10 million for 2015. The Commission proposes to offset these amounts through a corresponding reduction of the ITER budget item 08 04 01 02 in commitments and payments.

    Budgetary structure: the purpose of DAB No 1 is to propose the necessary changes to the budget nomenclature and to make the corresponding reallocation of EUR 1 360 million in commitment appropriations and EUR 10 million in payment appropriations. The overall impact in terms of expenditure or revenue is neutral for the 2015 budget.

committees/5/date
2015-02-10T00:00:00
committees/5/rapporteur
  • group: S&D name: VAN BREMPT Kathleen
committees/6/date
2015-02-11T00:00:00
committees/6/rapporteur
  • group: EPP name: VAN NISTELROOIJ Lambert
committees/7/date
  • 2015-01-29T00:00:00
  • 2015-01-29T00:00:00
committees/7/rapporteur
  • group: S&D name: AYALA SENDER Inés
  • group: ALDE name: RIQUET Dominique
procedure/subject/0
Old
4.70.01 Structural funds, structural and investment funds in general
New
4.70.01 Structural funds, investment funds in general
activities
  • date: 2015-01-13T00:00:00 docs: url: http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2015/0011/COM_COM(2015)0011_EN.pdf title: COM(2015)0011 type: Commission draft budget published celexid: CELEX:52015DC0011:EN body: EC commission: DG: url: http://ec.europa.eu/dgs/budget/ title: Budget Commissioner: GEORGIEVA Kristalina type: Commission draft budget published
committees
  • body: EP responsible: True committee: BUDG date: 2015-01-19T00:00:00 committee_full: Budgets rapporteur: group: S&D name: GARDIAZABAL RUBIAL Eider
  • body: EP responsible: False committee_full: Culture and Education committee: CULT
  • body: EP responsible: False committee_full: Economic and Monetary Affairs committee: ECON
  • body: EP responsible: False committee_full: Employment and Social Affairs committee: EMPL
  • body: EP responsible: False committee_full: Environment, Public Health and Food Safety committee: ENVI
  • body: EP responsible: False committee_full: Industry, Research and Energy committee: ITRE
  • body: EP responsible: False committee_full: Regional Development committee: REGI
  • body: EP responsible: False committee_full: Transport and Tourism committee: TRAN
links
other
  • body: EC dg: url: http://ec.europa.eu/dgs/budget/ title: Budget commissioner: GEORGIEVA Kristalina
procedure
reference
2015/2011(BUD)
title
Amending budget 1/2015: European Fund for Strategic Investments (EFSI)
stage_reached
Preparatory phase in Parliament
summary
See also
subtype
Budget
type
BUD - Budgetary procedure
subject