| On 12 December 2017, the Estonian presidency and the European Parliament reached a provisional deal on the final elements of the Commission proposal for the so-called Omnibus regulation. The regulation will amend the financial regulation governing the implementation of the EU budget as well as a series of sectorial legislative acts. Together these changes constitute a significant revision of the current EU financial rules to make them simpler and more focused on results. Today's deal on structural funds follows a provisional agreement reached yesterday on the main pillars of the revision of the financial regulation. ""The rules and procedures for the use of EU funds have become too complicated over time. Over the past two days we have agreed on a number of changes which will simplify life for the recipients of EU funds, cut red tape and increase the impact of EU spending.""
Märt Kivine, deputy finance minister of Estonia and president of the Council Read more | 
