Financial Discipline March 30, 2015 12:00 am The EU Commission is proposing a rate of Financial Discipline of 1.39% for 2015. This mechanism reduces direct payments by a set amount across Europe to keep CAP spending within limits. This deduction is required to fund a ‘crisis reserve’ for 2016. Under budget rules the money is returned to farmers if the crisis reserve is not drawn upon. At present the figure is only indicative, and will be reviewed in October. The deduction in payments for 2014 was 1.3%.
