The European Parliament adopted by 580 votes to 72, with 30 abstentions, a resolution on the proposal for a decision of the European Parliament and of the Council on the mobilisation of the Flexibility Instrument.
Parliament stated that after having examined all possibilities for re-allocating appropriations under heading 1b, it appears necessary to mobilise the flexibility instrument to complement the financing in the general budget of the European Union for the financial year 2014 to finance the Cypriot Structural Funds programmes.
Parliament noted that, despite contained reinforcements in commitments on a limited number of budget items and several decreases on other budget items, the 2014 ceilings of subheading 1b in commitments do not allow for the adequate financing of important and urgent political priorities of the Union carried by the Parliament and the Council.
Therefore, Members agreed with the mobilisation of the Flexibility Instrument in commitments for the financing - under subheading 1b - of the Cypriot Structural Funds programmes for a total amount of EUR 89.33 million.
The mobilisation of this instrument highlights, once again, the crucial need for the Union budget to be increasingly flexible.
At the same time, Parliament approved the decision annexed to this resolution seeking to mobilise the financial instrument for the requested amount.