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Council Regulation (EU, Euratom) No 1311/2013 of 2 December 2013 laying down the multiannual financial framework for the years 2014-2020 article 5 CELEX: 02013R1311-20200417 Global margin for payments
1. Every year, starting in 2015, as part of the technical adjustment referred to in Article 6, the Commission shall adjust the payment ceiling for the years 2015-2020 upwards by an amount equivalent to the difference between the executed payments and the MFF payment ceiling of the year n-1. 2. The annual adjustments shall not exceed the following maximum amounts (in 2011 prices) for the years 2018-2020 as compared to the original payment ceiling of the relevant years: 2018 — EUR 7 billion 2019 — EUR 11 billion 2020 — EUR 13 billion. 3. Any upward adjustment shall be fully offset by a corresponding reduction of the payment ceiling for year n-1. |