(7)In accordance with Council Regulation (EU, Euratom) 2015/623note, EUR 11,2 billion in current prices of the allocation provided for the Structural Funds and the Cohesion Fund could not be committed in 2014 nor carried over to 2015. In addition, part of the specific allocation for the Youth Employment Initiative available for budgetary commitment in 2014 could not be committed in 2014 nor carried over to 2015. Regulation (EU, Euratom) No 1311/2013 has therefore been revised by transferring the related commitment appropriations not used in 2014 to subsequent years for sub-heading 1b ‘Economic, social and territorial cohesion’note. That transfer should be reflected in Implementing Decision 2014/190/EU.
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