On Monday 19 July, the Council of the EU unanimously adopted its position on the draft amending budget No 1 to the 2021 general budget on the Brexit Adjustment Reserve.
In line with the inter-institutional agreement on the Brexit Adjustment Reserve regulation, the draft amending budget has been amended to provide for a first pre-financing amount in 2021 of €1.6 billion (see EUROPE B12743A6).
The pre-financing will be carried out in three tranches over the period from 1 January 2020 to...