Financial Discipline in 2014 July 8, 2014 12:00 am The EU Commission has proposed that a Financial Discipline rateof 1.3% should apply to 2014 Single Payments. Financial Discipline (FD) reduces all direct payments across the EU to ensure that CAP spending remains below fixed budget limits. The rate for 2014 is to establish a ‘crisis reserve’ which was part of the CAP reform package. The rate is only indicative at present. In the past, when FD has applied, the rate has tended to start off relatively high, and then been adjusted downwards. The final reduction should be known in October.
