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 12743/6).
The pre-financing will be carried out in three tranches over the period from 1 January 2020 to 31 December 2023. The first tranche of pre-financing is €1.6 billion. The second tranche—€1.2 billion—will be disbursed before 30 April 2022. Finally, the third tranche of €1.2 billion will be disbursed before 30 April 2023.
The maximum resources for the implementation of the Brexit Adjustment Reserve amount to €5.37 billion in current prices (€5 billion in 2018 prices).
On 28 June, the Committee of Permanent Representatives approved the political agreement reached on the Brexit Adjustment Reserve regulation at the trilogue on 17 June 2021, whereby it was agreed to set the pre-financing amount for 2021 at €1.6 billion at 2018 prices (see EUROPE 12762/26).
Link to the EU Council’s position on the draft amending budget in question: https://bit.ly/2UpW3Lh (Original version in French by Lionel Changeur)