Oireachtas Joint and Select Committees

Tuesday, 6 December 2016

Committee on Budgetary Oversight

EU Directorate-General Economic and Financial Affairs: Discussion

5:00 pm

Mr. Carlos Martínez Mongay:

On the issue of flexibility, I did not go into the details but in the Commission's proposal and in the commonly agreed position by the Council, there is a clear reference to two elements. The first one is the Structural Funds and the second one is the contribution to the European fund for strategic investment in terms of capital. Those contributions are not out of the pack because they affect the level of expenditures but they are considered one-offs, which means they do not feature in the calculations of the structural balance.

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