Changes from report parliamentary committee draft to plenary report

Added(5) in Article 10, paragraph 2 is replaced by the following:

Added‘2. The Brexit Adjustment Reserve shall not exceed an amount of EUR 4 491 million (in 2018 prices).’;

Added(6) the following articles are inserted:

Added‘Article 10a EURI Instrument

Added1. As of 2025, the EURI Instrument may be used to finance, for a given year, part of the costs of the interest and coupon payments due in respect of the funds borrowed on the capital markets in accordance with Article 5(2) of Council Decision (EU, Euratom) 2020/2053*. The EURI Instrument may only be mobilised in a given year to cover, to the extent specified in the following paragraphs, the amount of these costs that exceed the following amounts (in 2018 prices):

Added– 2025 – EUR 2 332 million,

Added– 2026 – EUR 3 196 million,

Added– 2027 – EUR 4 168 million.

Added2. The EURI Instrument may be mobilised by the European Parliament and the Council in the framework of the budgetary procedure provided for in Article 314 TFEU, only after having sought other means of financing, with a view to covering a substantial part of the amounts exceeding the amounts referred to in paragraph 1 of this Article, in accordance with the applicable sectoral rules and other legal obligations, while taking into account priorities, prudent budgeting and sound financial management.

AddedAppropriations for the EURI Instrument shall be made available over and above the MFF ceilings.

Added3. The EURI Instrument shall comprise the following:

Added(a) an amount equivalent to decommitments of appropriations, other than external assigned revenue, made cumulatively since 2021, which were not mobilised under this instrument in the previous years, with the exclusion of the amounts of decommitments made available again in accordance with the provisions of Article 15 of the Financial Regulation and specific rules on making appropriations available again as referred to in the relevant basic acts. This amount shall be drawn on first;

Added(b) only if the amount under point (a) of this paragraph is insufficient, an additional amount necessary to fully finance the costs referred to in paragraph 1 in the year concerned.

AddedEach year, as part of the technical adjustments referred to in Article 4, the Commission shall calculate the amount available on the basis of the first subparagraph, point (a), of this paragraph taking into account the amounts considered for that purpose in the previous years.

AddedArticle 10b Ukraine Reserve

Added1. The Ukraine Reserve may be mobilised for the sole purpose of financing expenditure under Regulation (EU) 2024/…+.

Added2. The Ukraine Reserve shall not exceed an amount of EUR 17 000 million in current prices for the period 2024 to 2027.

Added3. The annual amount mobilised under the Ukraine Reserve in a given year shall not exceed EUR 5 000 million in current prices. Without prejudice to the overall amount set out in paragraph 2, the unused portion of the annual amount in a given year may be used in the following years, until 2027.

Added4. The Ukraine Reserve may be mobilised by the European Parliament and the Council in the framework of the budgetary procedure provided for in Article 314 TFEU.

Added________________

Added* Council Decision (EU, Euratom) 2020/2053 of 14 December 2020 on the system of own resources of the European Union and repealing Decision 2014/335/EU, Euratom (OJ L 424, 15.12.2020, p. 1).’;

Added(7) in Article 11, the following paragraph is inserted:

Added‘3a. The maximum amount for the annual adjustment referred to in paragraph 3 of this Article for the year 2026, increased by the amount referred to in the second subparagraph of Article 5(2), shall be adjusted by the amount equivalent to the unused portion of the maximum amount for year 2025.’;

Added(8) Article 12 is replaced by the following:

Added‘Article 12 Flexibility Instrument

Added1. The Flexibility Instrument may be used for the financing, for a given financial year, of specific unforeseen expenditure in commitment appropriations and corresponding payment appropriations that cannot be financed within the limits of the ceilings available for one or more other headings. The ceiling for the annual amount available for the Flexibility Instrument in the years 2021 to 2023 shall be EUR 915 million (in 2018 prices). The ceiling for the annual amount available for the Flexibility Instrument in the years 2024 to 2027 shall be EUR 1 346 million (in 2018 prices).

AddedEach year, the annual amount available for the Flexibility Instrument shall be increased by an amount equivalent to the portions of the annual amounts for the European Solidarity Reserve and the Emergency Aid Reserve which have lapsed in the previous year in accordance with Article 9.

Added2. The unused portion of the annual amount of the Flexibility Instrument may be used up to year n+2. Any portion of the annual amount stemming from previous years shall be used first, in order of age. Any portion of the annual amount from year n which is not used by year n+2 shall lapse.’;

Added(9) Annexes I and II are replaced by the text set out in the Annex to this Regulation.

AddedArticle 2

AddedThis Regulation shall enter into force on the day of its publication in the Official Journal of the European Union.

AddedIt shall apply from 1 January 2024.

AddedThis Regulation shall be binding in its entirety and directly applicable in all Member States.

AddedDone at …,

AddedFor the Council

AddedThe President

AddedANNEX

Added‘ANNEX I MULTIANNUAL FINANCIAL FRAMEWORK (EU-27)

AddedANNEX II PROGRAMME-SPECIFIC ADJUSTMENT – LIST OF PROGRAMMES, DISTRIBUTION KEY AND TOTAL ADDITIONAL ALLOCATION OF COMMITMENT APPROPRIATIONS

Added’.