PURPOSE: to adopt amending budget (AB) No 1 to the 2024 budget which reflects the impact of the revision of the Multiannual Financial Framework (MFF) on the 2024 financial year.
LEGISLATIVE ACT: Definitive adoption (EU, Euratom) 2024/1430 of Amending budget No 1 of the European Union for the financial year 2024.
CONTENT: amending budget No 1 to the 2024 budget is focused on including in the 2024 budget the necessary changes stemming from the recently agreed MFF revision. It increases expenditure by EUR 5.83 billion in commitment appropriations and EUR 4.14 billion in payment appropriations.
This amended budget will enable the Union to continue delivering this year on the EU's common priorities, for the benefit of European citizens and beyond. In particular, it will reinforce support to Ukraine, boost investments in critical technologies and defence, and provide additional resources to support partners in the Western Balkans.
With the adoption of this Draft amending budget, the 2024 Union budget will be more fit for purpose, more flexible and better equipped to meet the challenges the Union faces.
This amendment of the annual EU budget 2024 covers the following elements:
- reinforcement of the Ukraine Facility and mobilisation of the Ukrainian Reserve, with an amount of EUR 4.8 billion;
- reinforcement of the European Defence Fund within the framework of the Strategic Technologies for Europe Platform (STEP) by EUR 376 million;
- reinforcement of the European Solidarity Reserve and the Emergency Aid Reserve (former Solidarity and Emergency Aid Reserve) by EUR 365 million;
- reinforcement of the Reform and Growth Facility for the Western Balkans, by EUR 501 million;
- adaptation of the reserve for the European Globalisation Adjustment Fund for Displaced Workers to actual needs in recent years.