Regulation (EU) 2019/711 of the European Parliament and of the Council
of 17 April 2019
amending Regulation (EU) No 1303/2013 as regards the resources for the specific allocation for the Youth Employment Initiative
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 177 thereof,
Having regard to the proposal from the European Commission,
After transmission of the draft legislative act to the national parliaments,
Having regard to the opinion of the European Economic and Social Committee1,
After consulting the Committee of the Regions,
Acting in accordance with the ordinary legislative procedure2,
Whereas:
Regulation (EU) No 1303/2013 of the European Parliament and of the Council3 lays down the common and general rules applicable to the European Structural and Investment Funds.
The European Union's general budget for the financial year 20194 amended the total amount of resources for the Youth Employment Initiative (‘YEI’) by increasing commitment appropriations for the specific allocation for the YEI in 2019 by EUR 116,7 million in current prices and increasing the total amount of commitment appropriations for the specific allocation for the YEI for the entire programming period to EUR 4 527 882 072 in current prices.
For 2019, the additional resources of EUR 99 573 877 in 2011 prices are funded by the Global Margin for Commitments within the margin of the multiannual financial framework for the years 2014-2020.
It is appropriate to provide for specific measures to facilitate the implementation of the YEI, due to the advanced stage of implementation of the operational programmes for the 2014-2020 programming period.
Given the urgency of amending the programmes which support the YEI in order to include the additional resources for the specific allocation for the YEI before the end of 2019, this Regulation should enter into force on the day following that of its publication in the Official Journal of the European Union.
Regulation (EU) No 1303/2013 should therefore be amended accordingly,
HAVE ADOPTED THIS REGULATION: