When distributing EU Structural and Investment funding to operational programmes running between 2014 and 2020, the Commission can make three types of payments:
• Pre-financing payments. Such payments are made between 2014 and 2016 once the Commission has approved an operational programme. Initial pre-financing is made in yearly instalments of 1 % of the funding amount for the operational programme over the entire programming period. From 2016 to 2023, an annual pre-financing of between 2 % and 3 % of the entire funding amount is paid.
• Interim payments. Before the first interim payment is made, a Member State must furnish the Commission with details of how it intends to manage, certify and audit the operational programme in question. Subsequently, applications for payments must be submitted regularly to the Commission, which will then release further payments. In case of serious deficiencies or irregularities in the management of the operational programme, interim payments can be suspended until measures have been taken to address these problems.
• Payment of the final balance. To receive a final payment from the Commission, the Member States must provide a final statement of expenditure and a final implementation report for each operational programme.