CAP Direct Payments: Budget update means 2.45% rate of Financial Discipline this year

The Amending Letter No 2 to the 2014 draft budget updates the estimates for agricultural expenditure in the 2014 draft budget and allows the Commission to make a separate proposal to the Council to adapt the rate of Financial Discipline foreseen for this year’s Direct Payments within the Common Agriculture Policy – to apply a rate of 2.45% [2.453658%], rather than the rate of 4.00% [4.001079%] previously introduced (see DN 10.10.13).