Amending Budget No 8/2020: Covering the financing needs of the Emergency Support Instrument and Coronavirus Response Investment Initiative Plus
At a Glance
11-09-2020
Draft Amending Budget No 8/2020 (DAB 8/2020) aims to provide additional payments of €6.2 billion in 2020. Of this amount, €1.1 billion is needed for the financing of actions contributing to the deployment of an effective and safe vaccine against Covid-19, assumed under the Emergency Support Instrument (ESI). Cohesion funds will be reinforced with €5.1 billion to ensure that a sufficient amount of payments is available to cover the Member States’ reimbursement requests for actions taken under the Coronavirus Response Investment Initiative Plus (CRII+). The European Parliament is expected to vote, under the urgent procedure, on the Council position on DAB 8/2020 during the September plenary session.
At a Glance
About this document
Publication type
Author
Policy area
Keyword
- Asia and Oceania
- budget
- budgetary amendment
- BUSINESS AND COMPETITION
- China
- Cohesion Fund
- coronavirus disease
- crisis management
- distribution of EU funding
- economic conditions
- economic geography
- economic recovery
- ECONOMICS
- epidemic
- EU finance
- European Regional Development Fund
- European Social Fund
- EUROPEAN UNION
- FINANCE
- GEOGRAPHY
- health
- management
- multiannual financial framework
- SOCIAL QUESTIONS