|Author (Corporate)||European Parliament|
|Series Title||Official Journal of the European Union|
|Series Details||Pages 1-66|
Definitive Adoption of Amending Budget No. 1 of the European Union (EU) for the financial year 2020, upon completion of procedure under Article 314 TFEU. The legislative initiative aiming to amend the EU's annual budget for 2020 was published by the European Commission on 27 March 2020.
The purpose of Draft Amending Budget (DAB) No 1 for the year 2020 is to provide, in commitment appropriations, €350 million to meet the needs resulting from the increased migration pressure in Greece, €115 million to provide an urgent response to prevent a further deterioration of the COVID-19 outbreak and €100 million to support post-earthquake reconstruction in Albania.
Other minor adjustments are also proposed for the European Centre for Disease Prevention and Control, the European Public Prosecutor’s Office, the European Court of Auditors and the Ombudsman.
The Council of the European Union adopted this draft law on 14 April, followed by the European Parliament on 17 April. The Definitive Adoption was published in the Official Journal on 21 April 2020.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||EU Budget|
|International Organisations||European Union [EU]|