The institutions agree on a pragmatic timetable each year before the start of the budgetary procedure, based on current practice. If the European Parliament adopts amendments to the Council`s position, the President of the Council, during the same plenary session, takes note of the differences in the position of the two institutions and agrees with the President of the European Parliament to convene the conciliation committee without delay. The letter in which the conciliation committee is convened is sent no later than the first working day of the week following the end of the parliamentary session in which the plenary vote took place, and the conciliation period begins the next day. The 21-day period is calculated in accordance with the Council`s Regulation (CEE, Euratom) No. 1182/71 (1). Each institution, body or agency is expected to submit expenditure forecasts as part of the annual budgetary procedure in accordance with the guidelines covered by paragraph 1. In case of disagreement, a trilogue procedure is initiated. As part of the budgetary procedure, the institutions meet regularly to jointly assess the state of the situation and the prospects for budget implementation for the current and future years. This takes the form of specific inter-institutional meetings at the appropriate level, before which the Commission presents the detailed state of the appropriations, broken down by Funds and Member States, on the execution of payments, the claims received and the revised forecasts. In particular, in order to ensure that the Union can meet all its financial commitments arising from existing and future commitments for the period 2014-2020, in accordance with Article 323 of the Treaty on the Functioning of the European Union, the European Parliament and the Council are analysing and reviewing the Commission`s estimates of the necessary level of payment appropriations.
On 2 May 2018, the Commission adopted the proposal for a Multi-Year Financial Settlement (MFF) and the draft Inter-Institutional Agreement (IIIA) on budgetary discipline, budgetary cooperation and economic asset management for the period 2021-2027. This agreement does not change the respective budgetary powers of the institutions under the treaties, regulation (EU, Euratom) 1311/2013 (1) (1) (the following referred to as the CFP Regulation) and Regulation (EU, Euratom) No. 966/2012 of the European Parliament and the Council (2) (the « financial regulation »). expenditure supported by Member States in the context of enhanced cooperation, as it is not included in the EU`s general budget. An agreement will be reached as part of the annual budget procedure. if no agreement has been reached during the trilogue, the conciliation committee meets and organises its work according to the circumstances, so that the decision-making process can, as far as possible, be completed before the expiry of the 21-day deadline set out in Article 314, paragraph 5, of the EUF. The conciliation committee can be concluded by an exchange of letters. Before submitting a proposal for the creation of a new agency, the Commission should present a robust, comprehensive and objective impact assessment that takes into account, among other things, the critical mass of personnel and skills, the cost-benefit aspects, subsidiarity and proportionality, the impact on the activities of Member States and the Union and the budgetary impact on the expenditure heading in question.