| Author (Corporate) | European Court of Auditors |
|---|---|
| Publisher | EU |
| Publication Date | 05/11/2014 |
| Content Type | Report |
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In its annual report on the EU budget for 2013 published on the 5 November 2014, the European Court of Auditors (ECA) warned that the budget system is too focused on just getting funds spent and needs to place more emphasis on achieving results. As independent auditor, the ECA signed off the 2013 accounts of the European Union, but stressed that the management of EU spending is not yet good enough overall - either at EU level or in the Member States. In a response, the European Commission welcomed today the ECA's report on the management of the EU budget. It stated that in 2013 the error rate was 4.7%, compared to 4.8% in 2012, and it continued to be below 5% for many years now. This showed, the Commission said, that the Commission's continuous efforts to improve the management of EU funds were paying off. The ECA formally published four reports: + 2013 EU audit in brief |
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| Source Link | Link to Main Source http://www.eca.europa.eu/Lists/ECADocuments/AR13/AR13_EN.pdf |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
