Oireachtas Joint and Select Committees
Wednesday, 22 May 2024
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Scrutiny of EU Proposals
Mr. Christophe Galand:
Most of the multi-annual financial framework programme is for seven years. The multi-annual financial framework is from 2021 to 2027. Here we are faced with something very atypical, which is a programme that is proposed for only two years. It is extremely short term to help the industry at the stage where there is an acceleration and we have to have a structural adjustment which is completely different from what it has experienced in terms of the demand in the last 40 years, as was explained at the beginning. It is a short-term instrument adopted rapidly.
In the meantime, after the expiry of this instrument in July 2025, we have no proposal nor structural instrument and the co-legislator, which is the EDIP, has indicated that it will assess it through the normal procedure. There will be time for this debate and scrutiny for the new structural instrument, which has been proposed by Commission, and which will replace ASAP and EDIRPA which are two short-term instruments to deal with an extraordinary situation.