Provisional twelfths

• Details
• Tagged entities

Properties

SES ID

• 12306

Notation

• 12306

In scheme

• Subject

Broader

• EU budget

Definition

• If the EU budget is not finally adopted by the beginning of the financial year, i.e. 1 January, the "provisional twelfths" system comes into operation. In this case, payments may be made monthly up to a limit of one twelfth of the appropriations entered in the budget of the previous financial year.