PART 2Financing, Management and Monitoring Amendments

Amendment of Regulation (EU) No 1306/2013

8.  For Article 28 substitute—

Article 28Forecasts of expenditure in England for the purpose of financial discipline

1.  For the purposes of Article 26, the Secretary of State must determine monthly expenditure profiles for England at the start of the financial year. Those profiles may be based, where appropriate, on average monthly expenditure during the previous three years and must be updated as necessary throughout the financial year to take account of any changes in circumstances or any new information.

2.  The Secretary of State must publish a report every 3 months setting out, in relation to England, expenditure in relation to the profiles and an assessment of the forecasted expenditure for the financial year..