Regulation (EU) 2018/1671 amending Regulation (EU) 2017/825 to increase the financial envelope of the Structural Reform Support Programme and adapt its general objective

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Series Details L 284
Publication Date 12/11/2018
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Summary:

On 6 December 2017 the European Commission presented a proposal for a Regulation increasing the budget for the Structural Reform Support Programme (SRSP) and adapting its general objective. The European Parliament and the Council of the European Union adopted the Regulation on 23 October 2018.

Further information:

The Commission committed, as a first step, to reinforcing the budget of the Structural Reform Support Programme by €80 million for the period 2019-2020. This should be achieved by using the Flexibility Instrument under Article 11 of the current Multiannual Financial Framework.

This additional budget would be supplemented by inviting Member States to make use of the possibility, under Article 11 of the Structural Reform Support Programme Regulation, of transferring part of their resources from the technical assistance component of the European Structural and Investment Funds to the Structural Reform Support Programme, for the purpose of provision of support for the implementation of reforms, including reforms linked to euro adoption.

The proposal was part of a broader set of initiatives to reform the Economic and Monetary Union (EMU) put forward by the Commission.

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Background information:

The Structural Reform Support Programme (SRSP) was established with the objective of strengthening the capacity of Member States to prepare and implement growth-sustaining administrative and structural reforms, including through the use of assistance for the efficient and effective use of the Union funds. Support under the Programme is provided by the European Commission, upon request by a Member State, and can cover a wide range of policy areas.

Since the SRSP Regulation entered into force, there has been a very high take-up of the programme by Member States, with requests for support significantly exceeding the amount of funding available for its annual cycles.

Source Link https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2018.284.01.0003.01.ENG
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EUR-Lex: COM(2017)825: Proposal to amend Regulation (EU) 2017/825 to increase the financial envelope of the Structural Reform Support Programme and adapt its general objective http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2017:825:FIN

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