The size of the contributions transferred to the GFEA is determined annually, depending on the budget that is adopted. The contributions for 2018 amount to €137.8 million, down by about €102.7 million compared to the 2017 budget. The EU provisioning to adjust the Fund to 9 % of the total outstanding loans under the ELM, based on Articles 3 and 5 of Regulation No 480/2009, needs the approval of the Council and the European Parliament, in order to be recognised as an asset for the Fund. The actual provisioning amount is calculated ex-post and is paid from the budget into the GFEA with a two-year delay. The evolution of the Fund for the 2014-2018 period is shown in Figure 1 below.
Provisioning amounts from the EU budget / Size of the Guarantee Fund (in € million)
European Parliamentary Research Service
We write about
Disclaimer and Copyright statement
The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy.
For a comprehensive description of our cookie and data protection policies, please visit Terms and Conditions page.
Copyright © European Union, 2014-2022. All rights reserved.
Be the first to write a comment.