Video guest: Josephine Mwangi

December 2017
M T W T F S S
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31



SELECT_TAGS :
















Twitter

Follow the CTA Brussels Daily

 

twitter logo

 

facebook logo cta

Tuesday, 30 October 2012

Council adopts new rules to simplify access to EU funds

On 25 October 2012, the Council of the European Union adopted new rules aimed at equipping the EU budget with simpler financial rules while securing sound treatment of European taxpayers' money (45/12 + 14800/12 ADD 1 + ADD 2 + ADD 3). This follows a first-reading agreement with the European Parliament. In order to enter into force the new rules have to be published in the Official Journal of the EU. They will become applicable on 1 January 2013, the same day as the rules of applications that the Commission should adopt in the coming days.
The financial regulation can be considered as a corner stone of the EU legislation since it contains all the principles and rules for the implementation of the EU budget and is applicable to all areas of expenditure and all revenue. The adoption of the financial regulation paves the way for the adoption of around 70 proposals for sector specific legislative acts covering areas such as agriculture, cohesion policy, research, environment, transport, energy and external aid.

Source: Council of the European Union