Commission Question – Can the Commission please explain what the consequences would be for the UK’s budget rebate from the EU in the event that the European Globalisation Adjustment Fund (EGAF) were mobilised in support of a project within the borders of the UK?

Question to the Council for written answer:

Can the Commission please explain what the consequences would be for the UK’s budget rebate from the EU in the event that the European Globalisation Adjustment Fund (EGAF) were mobilised in support of a project within the borders of the UK?

 

Answer given by Mr Andor on behalf of the Commission (27.10.2014):

As a general rule, the UK correction returns to the UK two thirds of the difference between the amounts paid in from its national budget to the EU budget and the amounts that are allocated to UK beneficiaries from the EU budget during its execution. Payments to the UK from the EGF increase the latter and as such decrease the UK rebate.

 

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *