12th financial report on the European Agricultural Guarantee Fund – 2018 financial year

Author (Corporate)
Series Details COM (2019) 366
Publication Date 07/08/2019
Content Type ,

Summary:

Report presented on 7 August 2019 by the European Commission on the administration of the EAGF during 2018.

Further information:

The assigned revenue carried over from 2017 into 2018 amounted to €603.3 million and was entirely used in financing expenditure of the 2018 budget year. This amount covered expenditure of €203.8 million for the operational funds for producer organisations in the fruits and vegetables sector and of €399.4 million for the basic payment scheme.

The assigned revenue collected in 2018, amounting to €997.4 million, was used to cover expenditure incurred for the following measures:

  • €102.2 million for the operational funds for producer organisations in the fruits and vegetables sector;
  • €446.3 million for the basic payment scheme (direct payments).

The balance of the assigned revenue collected in 2018 (€448.8 million) was automatically carried over into the 2019 budget to fund budgetary needs of that year.

A detailed Commission Staff Working Document accompanies this report.

Source Link https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2019:366:FIN
Related Link(s)
EUR-Lex: SWD(2019)317: Commission Staff Working Document accompanying COM(2019)366 https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2019:317:FIN

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Record URL https://www.europeansources.info/record/?p=518487