Simpler Rules for Users of EU Funds

On 28 June 2017, the Council of the EU mandated its presidency to start talks with the European Parliament on a Commission proposal to make EU financial rules simpler for both beneficiaries and administrators of EU funds and make them more focused on results. The so-called draft omnibus regulation will amend the financial regulation governing the implementation of the EU budget as well as 15 sectorial legislative acts. In its negotiating stance, the Council backed the possibility of basing EU payments on results rather than on the reimbursement of costs incurred. This would save beneficiaries and authorities much time and costs in the implementation of EU funds and reduce the risk of error. The new rules would also allow for easier use of lump sums and simplified cost options. More information is available here.

Source: European Council