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Opinion factsheet

    The financial rules applicable to the general budget of the Union

    : CDR 5838/2016
    : RIJSBERMAN, Michiel
    : ALDE (Group of the Alliance of Liberals and Democrats for Europe)
    : COTER
    : Adopted
    : 11/05/2017
    On 14 September 2016, as part of the mid-term review of the Multiannual Financial Framework (MFF), the European Commission published a proposal for a REGULATION on the financial rules applicable to the general budget of the Union (so called Omnibus-Regulation).

    This legislative proposal contributes to the two main objectives of simplification and flexibility and concerns the implementation of all areas of the EU budget and the control of the EU funds and programmes. The proposal thus includes all types of EU spending, ranging from blending instruments such as the European Fund for Strategic Investments (EFSI), to shared management such as the European Structural and Investment Funds (ESIF) and centrally managed EU programmes such as Horizon 2020.

    As the guardian of the interests of local and regional authorities, it is essential for the European Committee of the Regions to evaluate whether the legislative proposal has taken on board the views of European Cities and Regions, as expressed in its opinions. Based on this evaluation, the CoR will suggest amendments to the legislative proposal where necessary.