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Source: European Parliament

BUDG Members voted, on Monday 4 May, by means of a novel remote voting system, on the BUDG opinion to the ECON report on the budgetary instrument for convergence and competitiveness (BICC). The BICC aims to promote convergence and cohesion within the Union by providing euro-area Member States with financial support for reforms and investments. It is the largest component of a wider MFF sectoral programme, namely the Reform Support Programme (RSP).

The proposed Regulation intends to organise the governance aspect of the BICC and must be read in conjunction with the Reform Support Programme.

BUDG is associated with the ECON committee in preparing this legislative report, with both committees having shared competence over parts of the Regulation.

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