|Author (Corporate)||European Commission|
|Series Details||COM (2019) 461|
Proposal presented on 4 September 2019 by the European Commission extending the contingency framework under Regulation (EU, Euratom) 2019/1197 in the context of the withdrawal of the United Kingdom from the Union without an agreement.
This proposal is an extension to 2020 of the contingency framework for the Union budget laid down in Regulation (EU, Euratom) 2019/1197 on measures concerning the implementation and financing of the general budget of the Union in 2019 in relation to the withdrawal of the United Kingdom from the Union. The proposal lays down rules on the relations between the Union, on the one hand, and the United Kingdom and its beneficiaries, on the other, as regards the financing and implementation of the budget in 2020.
A withdrawal without an agreement would leave the budgetary relations between the Union and the UK without agreed legal arrangements. Such a legal vacuum would create considerable uncertainty and difficulties for the implementation of the Union’s budgets for 2019 and 2020, for all UK beneficiaries and in some cases also for beneficiaries of the other Member States. In line with the Commission’s overall approach, this proposal is a contingency measure in response to this situation.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Brexit, EU Budget|
|Countries / Regions||United Kingdom|
|International Organisations||European Union [EU]|