The Financial Regulation (FR) is the main point of reference for the principles and procedures governing the establishment, implementation and control of the EU budget.
The current versions of the Financial Regulation applies from 2 August 2018.
The Financial Regulation is reviewed whenever it proves necessary to do so and in any case at the latest two years before the end of each multiannual financial framework.
On 16 May 2022 the Commission proposed targeted adjustments to the Financial Regulation to align existing rules with the current long-term budget 2021-2027 and further reinforce them in view of developing an even more transparent, better protected and more agile budget.
The proposal is now subject to negotiations by the European Parliament and EU Member States in the Council in view of a swift adoption.
The proposal and its annex can be consulted below. A press release and a questions and answers document are also available online.
On 9 November 2022, the Commission proposed a technical amendment to the regulation on the multiannual financial framework 2021-2027, to guarantee the borrowing for a support package for Ukraine of up to €18 billion through the use of the budgetary headroom. Apress releaseand aQA documentare available online.
On 6 December 2022, targeted amendments to the Financial Regulation were introduced, establishing the unified funding approach as the main approach to markets for all borrowing. A QA document is available online.
