Briefing - National ratification of the Own Resources Decision: State of play on 18 March 2021 - 22-03-2021

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22-03-2021 12:00 AM CET

The Own Resources Decision (ORD) establishes how the EU budget is financed. Its entry into force requires approval by all EU Member States according to their constitutional requirements. In a majority of Member States, national parliaments are responsible for ratifying the decision. In the others, the government alone decides on the approval. Completion of the ratification procedure by all Member States has generally required more than two years. However, there is a greater sense of urgency for the ORD adopted by the Council in December 2020, since its entry into force is a pre-condition for the launch of the Next Generation EU (NGEU) recovery instrument. The objective is to complete the ratification procedure before summer 2021, with a view to ensuring the timely launch of NGEU. As of 18 March, 13 Member States have ratified the ORD: Belgium, Bulgaria, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Luxembourg, Malta, Portugal, and Slovenia.

Source : © European Union, 2021 - EP

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