The European Commission adopted on Wednesday 3 June a draft amending budget (No. 6 for the financial year 2020) to make 11.54 billion euros available in commitment appropriations and 6.54 billion euros in payment appropriations to reflect the impact of the legislative proposals on the EU recovery plan following the devastation caused by the coronavirus. Once available, these funds will be used to help the most deprived regions to support businesses and people in need outside the EU’s borders.
This draft amending budget composes elements of the 750 billion euros recovery plan proposed by the Commission. The Commission has proposed to revise the Multiannual Financial Framework (MFF) 2014-2020 to allow for even higher expenditure in 2020. The draft amending budget aims to ensure that the additional 11.5 billion for REACT-EU, the Solvency Support Instrument and the European Fund for Sustainable Development (EFSD) will be available as soon as possible this year. (Original version in French by Lionel Changeur)