Source: European Parliament
BUDG members will exchange with Ms Stéphanie Riso, European Commission’s Director-General for Budget, on the state of play of the headroom in the EU Budget.
Contingent liabilities backed by the headroom have multiplied in the last five years with the introduction of the loans under the SURE instrument, the RRF and the provision of recent loans to Ukraine in the context of the Russia’s war of aggression (MFA+ and Ukraine Facility).
The headroom must be sufficient to cater for the materialisation of losses that may arise in case of default. Following the publication of the Commission’s report on contingent liabilities and the sustainability of those contingent liabilities, Ms Riso will provide BUDG Members with an overview of the amount and composition of contingent liabilities borne by the EU budget and an assessment of the sustainability of the headroom.