Examples of using De-commitment in English and their translations into Slovak
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Colloquial
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Financial
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Ecclesiastic
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Official/political
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Computer
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Programming
Furthermore, application of the de-commitment rule has been complicated by a number of derogations.
The co-legislators decided to amend the regulation and extend the N+2 automatic de-commitment deadline for two Member States.
The de-commitment rule aims to ensure that projects are implemented within a reasonable timeframe and to encourage financial discipline.
Phasing of projects reduces the risk of de-commitment if projects are not entirely completed at closure 60.
Revising(or reprogramming)OPs is an important tool for optimising absorption and avoiding de-commitment i.e. not using the funds.
This rule requires automatic de-commitment of all funds not spent or not covered by a payment request by the end of the second year following the year of allocation.
The work of the Task Force for Better Implementation and its cooperation with the relevant MemberState authorities had a positive impact on the de-commitment and the rate of absorption.
(6) The n+2 deadline requires automatic de-commitment of all funds not spent by the end of the second year following the year of allocation.
The Commission notes that in case of a lower spending, MS have to returnfunds to the programmes which will increase the risk of de-commitment for the year in which the reprogramming occurs.
The de-commitment is the operation whereby the responsible authorising officer cancels wholly or partly the reservation of appropriations previously made with a budgetary commitment.
A number of other elements are taken into account by the Commission, such as the evolution of project selection on the ground,observed trends in implementation and automatic de-commitment risk targets.
In certain cases,financial instruments contributed towards helping to alleviate the application of the de-commitment rule 38 Council Regulation(EC) No 1290/2005 includes a mechanism for stimulating the financial execution of programmes.
However, significant further de-commitment of IPA I funds was expected in 2015, 2016 and 2017. 51 In 2015 the Commission took measures to improve the situation for IPA I funds, for example by re-centralising the management of some IPA projects and speeding up contracting procedures by reducing the number of ex ante checks.
This was mainly due to the later closure of the previous MFF, the late adoption of legal acts, difficulties in implementing the new requirements for the current MFF,the change in the de-commitment rules from N+2 to N+3, and the administrative burden linked to overlaps between MFF periods.
An extension of the deadline for the de-commitment rule and specific provisions for the application of the rules on state aid and the conversion of foreign currencies into Euro will further facilitate programme implementation.
TheCommission also underlines that while early adoption of the legislation framework is important in relation to starting programme implementation,there are also other factors such as the de-commitment rule, the level of pre-financing or the designation requirements for 2014-2020, which had a significant effect on implementation.
The Commission has taken action but further de-commitment is probable 50 Drawing on previous experience with other enlargement countries, the Commission expected the early years of decentralised management to be a period of learning and transfer of knowledge.
Believes that the only alternative to the current duration is a 5+5 year MFF period, with a compulsory mid-term review, provided that the Commission ensures a smooth transition between programming periods,which would require stricter de-commitment rules, shorter procedures for closing programmes, and faster processes for the setup and start-up of programmes;
For all 4 Funds taken together,the overall result should equate to a de-commitment of less than 1%(around 0,96%) of the total 2002 annual commitment, suggesting that the n+2 rule is performing the role for which it was intended by encouraging a more even pattern in financial execution of the programmes year-on-year.
In December 2008 the Commission extended the deadline for de-commitment for the AFAs 2006 signed with Bulgaria, Romania and Croatia from the end of 2008 to the end of 2009, to give the countries the opportunity to increase absorption by executing payments until the end of 2009 to projects contracted under Sapard.
In December 2008 the Commission extended the deadline for de-commitment by one year to"n+3" for the AFAs 2006 signed with Bulgaria, Romania and Croatia from the end of 2008 to the end of 2009, to give the countries the opportunity to increase absorption by executing payments until the end of 2009 to projects contracted under Sapard.