Definitive adoption (EU, Euratom) 2024/1430 of

What it is

PURPOSE: presentation of draft amending budget 1/2024 (DAB 1/2024) reflecting the impact of the revision of the Multiannual Financial Framework (MFF) on the 2024 financial year. CONTENT: the purpose of Draft Amending Budget No 1 for the year 2024 is to introduce the necessary changes to the 2024 budget stemming from the revision of the Multiannual Financial Framework. The revision of the MFF Regulation applies retroactively as of 1st January 2024 and includes inter alia amendments to the MFF ceilings. In order to reflect the impact of the MFF revision on the financial year 2024, DAB 1 covers the following elements: The European Parliament adopted by 465 votes to 53, with 16 abstentions, a resolution on the Council position on Draft amending budget No 1/2024 of the European Union for the financial year 2024 Amendments of the 2024 budget required due to the MFF revision. Parliament approved the Council position on the draft amending budget No 1/2024. Draft amending budget No 1/2024 is focused on including in the 2024 budget the necessary changes stemming from the recently agreed MFF revision. It increases expenditure by EUR 5 833.7 million in commitment appropriations and EUR 4 143.6 million in payment appropriations. 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. Parliament welcomed the proposal to mobilise EUR 4.8 billion from the newly created Ukraine Reserve to enable the payment of grants to Ukraine. The payment of loans does not require an amending budget and therefore that the Union is already providing support to the Ukrainian government so that it can maintain essential services. The grant- and loan-based financial support through the Ukraine Facility will help to keep the state and essential services functioning, while supporting Ukraine on its path to reconstruction, recovery, reform and membership of the Union. The resolution welcomed the EUR 376 million reinforcement for the European Defence Fund (EDF) in 2024, resulting from the Strategic Technologies for Europe Platform (STEP) Regulation(10); notes that, in contrast to the legislative financial statement annexed to the STEP proposal, the Commission now considers that no additional payment appropriations are required in 2024. On 5 March 2024, the Commission put forward a proposal to establish a new defence programme - the European Defence Industry Programme - for the period 2025-2027, with a planned transfer of EUR 1.5 billion from the EDF, precisely the amount of the EDF reinforcement agreed under STEP. Parliament insisted that the additional resources assigned to the EDF for the remainder of the MFF period be used for STEP objectives as per the agreement of the co-legislators. The resolution welcomed the additional EUR 500 million for the Western Balkans, placed in reserve subject to the adoption of the proposed regulation establishing the Reform and Growth Facility for the Western Balkans. Parliament intends, with the Council, to review the nomenclature as part of the 2025 budgetary procedure in order to ensure appropriate political and budgetary…

Official title: Definitive adoption (EU, Euratom) 2024/1430 of Amending budget No 1 of the European Union for the financial year 2024