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The purpose of draft amending budget No 3/2023 (DAB 3/2023) to the EU's 2023 general budget is to update the revenue side, taking into account the latest economic forecasts. DAB 3/2023 also adjusts the 2023 budget to cover recent developments such as the Defence Industrial Reinforcement Instrument, the European Chips Act and fisheries agreements. Parliament is expected to vote on the Council's position on DAB 3/2023 during its October II plenary session.

On 22 December 2021, the European Commission announced its proposal for the introduction of new own resources. The underlying objective is to decrease the share of own resources based on gross national income (GNI) in the revenue mix while preserving existing long-term EU policy commitments. The initiative also seeks to secure the necessary resources to cover new budgetary expenditures, such as the repayments of the debt arising from the Next Generation EU recovery fund and the recently adopted Social ...

Executive Vice-President Dombrovskis and Commissioner Gentiloni are invited to the eleventh Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation. Section 1 of this briefing covers recent developments relating to the implementation of RRF, in particular the European Semester assessment of the general RRF implementation progress, the status quo of new REPowerEU chapters, requests for additional loans, and the mid-term evaluation of the RRF. Section ...

The tentative agenda for the forthcoming European Commission meeting of 20 June 2023 includes a proposal on a second basket of new own resources, with the title 'An adjusted package for the next generation of own resources'. The proposal would be adopted together with the revision of the 2021-2027 multiannual financial framework (MFF). In the roadmap for new own resources annexed to the interinstitutional agreement (IIA) of 16 December 2020, the decision on the second basket was initially envisaged ...

Plenary round-up – May I 2023

Kratki prikaz 12-05-2023

Among the highlights of the May I plenary session were debates on the EU budget and own resources, as well as on 55 reports on the discharge for the 2021 budget. Members addressed a variety of issues, including the revision of the Stability and Growth Pact, and the role of farmers as enablers of the green transition and a resilient agricultural sector. Further debates concerned Ukrainian cereals on the European market, the act in support of ammunition production (on which Parliament voted to fast-track ...

Plenary round-up – November II 2022

Kratki prikaz 25-11-2022

The highlight of the November II 2022 plenary session was the ceremony marking the 70th anniversary of the European Parliament, with the participation of the Prime Ministers of France, Belgium and Luxembourg. Russia's war against Ukraine again featured high on the agenda, not least with the adoption of a resolution recognising the Russian Federation as a state sponsor of terrorism, and a joint debate with a vote on regulations governing EU financial assistance to Ukraine. Political debates were held ...

To ensure the credibility of market discipline induced by bail-in, neither retail investors nor peer banks should appear prominently among the investor base of banks’ loss absorbing capital. Empirical evidence on bank-level data provided by the German Federal Financial Supervisory Authority raises a few red flags. Our list of policy recommendations encompasses disclosure policy, data sharing among supervisors, information transparency on holdings of bail-inable debt for all stakeholders, threshold ...

System of own resources of the EU

Kratki prikaz 16-11-2022

The European Commission adopted a proposal for a Council decision on the introduction of new own resources in December 2021. It relates to the interinstitutional agreement on own resources linked to the 2021 2027 MFF and the Next Generation EU (NGEU) package that were introduced in response to the pandemic. Proceeds from additional own resources would help repay the NGEU debt. Parliament is due to vote on the report by the Committee on Budgets during its November II plenary session. This is an important ...

At its November II plenary session, Parliament is expected to vote on the report by the Committee on Budgets (BUDG) on the borrowing strategy to finance Next Generation EU (NGEU). The report assesses the strategy's implementation, explores potential positive impacts and challenges, urges the Commission to report systematically to Parliament, and stresses the need for transparency and for new own resources.

Draft amending budget No 4/2022 (DAB 4/2022) to the EU's 2022 general budget aims to update the revenue side, taking into account the updated own resources forecast and other revenues, such as the United Kingdom (UK) contribution and fines. DAB 4/2022 also includes two expenditure-related adjustments: budgetary nomenclature allowing resources to be transferred to the REPowerEU chapter of the Recovery and Resilience Facility (RRF); and additional staff requested for Eurojust. The European Parliament ...