Written by Agnieszka Widuto (1st edition),
The European Commission adopted the proposal on the establishment of the Reform Support Programmeon 31 May 2018, as part of the package for the upcoming multiannual financial framework for 2021-2027. The programme will provide financial and technical support for Member States to implement reforms aimed at increasing the resilience and modernising their economies, including priority reforms identified in the European Semester.
The overall budget for the programme is €25 billion. It comprises three elements: a reform delivery tool (financial support); a Technical Support Instrument (technical expertise, building on the current Structural Reform Support Programme 2017-2020); and a convergence facility (preparation for adopting the euro). The Reform Support Programme will be open to all Member States on a voluntary basis, with no co-financing required.
In the European Parliament, the Committee on Economic and Monetary Affairs (ECON) and Committee on Budgets (BUDG) will work jointly on this file under Rule 55 of Parliament’s Rules of Procedure. The next step is the publication of the draft report, expected in autumn 2018.
- July 2018: Reform Support Programme 2021 2027 (1st edition)
|Proposal for a regulation of the European Parliament and of the Council on the establishment of the Reform Support Programme|
|Economic and Monetary Affairs (ECON) and Budgets (BUDG) (jointly under Rule 55)
Caroline Nagtegaal (ALDE, the Netherlands)
Eider Gardiazabal Rubial (S&D, Spain)
|COM(2018) 391 of 31.5.2018
Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)
|Next steps expected:||Publication of draft report|