E2016G0001

Each EFTA State must provide the GDP data used to calculate its contribution by 1 March each year.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction: European Union
Instrument: Decision
Citation: E2016G0001
Version: Undated source snapshot
Language: en
Official source: View official record ↗

budget calculation contributions reporting

Publicly available, excluded from search-engine indexing

This page remains available for direct access and API use, but this release emits noindex,follow for the following reason:

The record does not meet this release's canonical indexing criteria. (emergency-noindex)

Statute overview

About this statute

This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.

Read the provisions Ask with citations

Search within this statute

Search all stored provisions in this version.

Legal text

Provisions of E2016G0001

Showing 1 of 1

§
E2016G0001
Verify source ↗

AI-assisted research summary: Each EFTA State must provide the GDP data used to calculate its contribution by 1 March each year.

15.9.2016 | EN | Official Journal of the European Union | L 247/27 ---|---|---|--- * * * DECISION OF THE STANDING COMMITTEE OF THE EFTA STATES No 1/2016/SC of 28 April 2016 on internal cost sharing [2016/1660] THE STANDING COMMITTEE OF THE EFTA STATES HAS DECIDED AS FOLLOWS: Article 1 The contributions of Iceland, Liechtenstein and Norway (hereinafter referred to as the EFTA States) to the EEA Financial Mechanism for the period 2014–2021 are to be divided into seven annual tranches and determined on the basis of Article 2. Article 2 1\. The contributions of the EFTA States to the EEA Financial Mechanism for the period 2014–2021 are based on their Gross Domestic Products (GDP). 2\. For any EFTA State, the contribution for a specific financial year t is to be based on the available GDP data for the year t – 2 and correspond to that States' share of GDP (t – 2) in the overall GDP (t – 2) of the EFTA States. 3\. The respective GDP data on which the contributions for a specific year t are to be based shall be delivered annually by each EFTA States by 1 March. They shall relate to the year t – 2. 4\. Contributions shall be expressed in Euros. Article 3 The accession of an EFTA State to the EU shall not affect its obligation to contribute to the EEA Financial Mechanism for the period 2014–2021 in accordance with this Decision. Article 4 This Decision shall take effect on the day of entering into force or on the day of provisional application of the legal act establishing the EEA Financial Mechanism for the period 2014–2021. Article 5 This Decision shall be published in the EEA Section of, and in the EEA Supplement to, the Official Journal of the European Union. Done at Brussels, 28 April 2016. For the Standing Committee The Chair Kurt JÄGER The Secretary-General Kristinn F. ÁRNASON * * * ANNEX The Standing Committee agrees that, before finalising possible negotiations regarding post 2021 financial contributions to reduce the economic and social disparities in the EEA, a review of the cost sharing mechanism in view of a change from GDP to GNI as the basis for the calculation shall take place. * * *

Provision text is displayed from LexChat’s stored statute record. Use the official source links to verify amendments, commencement, and current legal force.

About this LexChat collection

Publisher and coverage

LexChat is published by Esheria. Coverage reflects the legislation currently mapped from identified source collections; it may be incomplete, delayed, or later corrected. The official source controls where it differs from this research page.

AI and research method

AI-generated material is explicitly labelled and published only through LexChat's quality controls. It is a research aid, not the source document.

Corrections and reporting

Report a source mismatch, factual issue, personal-data concern, or licensing question to support@esheria.co.ke. Include this page's URL and the supporting official source so the record can be reviewed, corrected, restricted, or withdrawn.

Legal-information disclaimer

LexChat provides legal information and research tools, not legal advice. Verify currency, status, citations, and jurisdiction with authoritative sources and a qualified professional where appropriate.

E2016G0001

Publicly available, excluded from search-engine indexing

About this statute

Search within this statute

Provisions of E2016G0001

Ask AI about this statute

Sign in to ask AI about this statute