The budget attaches discussed the benefits from the use of the financial instruments in the EU budget

08.05.2018

Photo: Ministry of Finance


Today in Sofia the budget attaches discussed the lessons learnt and the positive effects of the use of the financial instruments in the EU budget in the current programming period (2014-2020). This was one of the key topics during the informal meeting of the Budget Committee to the Council of the EU, which is part of the calendar of the Ministry of Finance in the framework of the Bulgarian Presidency of the EU. The meeting brought together representatives of the Member States in the Budget Committee as well as representatives of the European Commission, the General Secretariat of the Council of the EU, the Legal Service of the Council of the EU and the “Fund Manager of financial instruments in Bulgaria”.

The capacity for financial instruments’ management built in Bulgaria, namely the “Fund Manager of financial instruments in Bulgaria”, has also been presented. Focus has also been put on Bulgarian projects which have been successfully implemented with funding from the EU budget and have relevance and added value not only for Bulgaria but also for the European Union as a whole.

The Budget Committee is the working body to the Council of the EU which deals with issues related to the EU general budget. It is mainly responsible for the annual EU budget procedure (discussion and approval of the draft budget for the following year), the adjustments to the EU budget for the respective current year, the annual procedure for discharge of the European Commission for the implementation of the budget for the previous year, as well as for the legislative work in relation to the Financial Regulation of the European Union.

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