On Tuesday 12 October, the European Commission adopted Letter of Amendment No 1, which represents an increase of €1.24 billion in commitment appropriations and €1.23 billion in payment appropriations on the expenditure side of the draft EU budget for 2022.
Of this total, the 2022 tranche of the ‘Brexit Adjustment Reserve’ is provided for, amounting to €1.3 billion (€1.2 billion in 2018 prices).
The Commission estimates that an amount of €265 million in payment...