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European Union: Commission provides extra flexibility for Member States on unspent 2007-2013 rural development funds

Following requests from Member States for flexibility, the Commission has proposed to allow up to 5% of the total EAFRD budget to be transferred between the different areas of RDP spending this year.

Thursday 11 June 2015 (3 years 2 months 5 days ago)
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The Commission has adopted a measure allowing Member States increased flexibility to use their Rural Development budget (EAFRD) commitments for the 2007-2013 Rural Development Programmes (RDPs).

Any EAFRD funds 'committed' in 2013 need to be spent by the end of 2015. This measure provides more flexibility for transferring unspent funds between the different areas of RDP spending ('axes'), and an extension of the deadline for presenting such changes.

Following requests from Member States for flexibility, the Commission has proposed to allow up to 5% of the total EAFRD budget (rather than 3% which is part of the current Regulation) to be transferred between the different areas of RDP spending this year. This will allow the national and regional programmes still facing difficulties in spending the existing commitments, to shift a larger volume of funds between 'axes' in order for unspent amounts to be better utilised.

Tuesday June 9, 2015/ EC/ European Union.
http://europa.eu/rapid

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