Proposal to amend Regulation (EU) No 1303/2013 as regards the changes to the resources for economic, social and territorial cohesion and to the resources for the Investment for growth and jobs goal and for the European territorial cooperation goal

Summary:

The objective of the proposal is to adapt the amounts of resources available for the Investment for growth and jobs goal and for the European territorial cooperation goal set out in Articles 91(1) and 92(1) and (5) of Regulation (EU) No 1303/2013 and the annual breakdown of commitment appropriations reflected in Annex VI to decisions adopted since the adoption of that Regulation.

Firstly, to adapt the amounts to the result of the technical adjustment exercise in accordance with Article 92(3) of that Regulation;

Secondly, to reflect the different transfers decided on the basis of Articles 25, 93 and 94 of that Regulation affecting the global amounts per year;

Thirdly, to include the increase of the Youth Employment Initiative ('YEI') until 2020 by an total amount of €1.2 billion in current prices for the specific allocation for the YEI, which needs to be complemented by at least €1.2 billion from targeted ESF investment; and

Fourthly, to reflect the transfer of some of the 2014 commitment appropriations to subsequent years because of the adoption of new programmes after 1 January 2015.

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