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Council Regulation (EC) No 215/2008 of 18 February 2008 on the Financial Regulation applicable to the 10th European Development Fund article 8 CELEX: 02008R0215-20140530 Principle of universality
Without prejudice to Article 9 of this Regulation, total revenue shall cover total estimated payments.
All revenue and expenditure shall be entered in full without any adjustment against each other, and without prejudice to Article 23 of Regulation (EU, Euratom) No 966/2012 concerning rules on deductions and exchange rate adjustments, which shall apply.
However, the revenue referred to in point (c) of Article 9(2) of this Regulation shall automatically decrease payments made against the commitment from which it was generated.
The Union may not raise loans within the framework of the EDF. |