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Financial management and decommitment rules for Member States facing serious difficulties

Financial management and decommitment rules for Member States facing serious difficulties

Key points:

Under the Commission proposal, lower contributions to projects co-financed under EU cohesion policy would be required from seven Member States that come under the EFSM or the Balance of Payments mechanism.

The EESC, in line with its previous opinions, supports this proposal provided that consistency and efficacy in the use of budgetary resources are preserved.