Press release - Brexit Adjustment Reserve: MEPs want swift disbursement of €5 billion fund
Parliament adopted on Wednesday its position regarding the 5 billion Brexit Adjustment Reserve (in 2018 prices - 5.4 billion in current prices).
- Parliament adopted on Wednesday its position regarding the 5 billion Brexit Adjustment Reserve (in 2018 prices - 5.4 billion in current prices).
- Talks with the Council will start on 9 June and MEPs intend to reach a political agreement on 17 June so that funds will be available quickly.
- With a strong mandate, we can now enter into negotiations with member states, which we want to conclude before the end of the current Council presidency.
- Background
On 25 December 2020, the Commission presented its proposal for the Brexit Adjustment Reserve, which will be set up as a special instrument outside of the 2021-2027 Multiannual Financial Framework (MFF) budget ceilings.