PURPOSE: to mobilise the Contingency Margin in 2017.
NON-LEGISLATIVE ACT: Decision (EU) 2018/09 of the European Parliament and of the Council amending Decision (EU) 2017/344 of the European Parliament and of the Council on the mobilisation of the Contingency Margin in 2017.
CONTENT: Regulation (EU, Euratom) No 1311/2013 laying down the multiannual financial framework for the years 2014-2020 has established a Contingency Margin of up to 0.03 % of the Gross National Income of the Union.
The European Parliament and the Council mobilised the Contingency margin in 2017 to allow financing above the commitment ceilings of EUR 1 906 150 960, of which EUR 1 176 030 960 for heading 3 (Security and citizenship).
This Decision amends Decision EU 2017/344 of the European Parliament and of the Council on the mobilisation of the Contingency Margin in 2017 in order to adjust the offsetting profile to decrease the amount offset in Heading 5 in 2018 from EUR 570 million to EUR 318 million and correspondingly introduce offsetting of EUR 252 million in Heading 5 in 2020.
ENTRY INTO FORCE: 6.1.2018.