This post has been revised to take account of the important role that the proposed ‘flexibility amount’ will play in influencing the scope that Member States will have to top up their minimum CAP ring-fenced amounts when preparing the CAP chapter of their National Plans. Its significance is such that it changes the tenor and conclusions of the original post. I am particularly grateful to Elsa Régnier for drawing this issue to my attention. I made a further revision subsequently as detailed at the end of the post to compare the minimum ring-fenced amounts for CAP income support with the pre-allocated amounts to Member States in 2021-2027 rather than with a hypothetical extension of the 2027 amounts, and as well corrected the calculation of the flexibility amount.… Read the rest
Further reflections on CAP governance and budget
