Derek Vaughan MEP

Working hard for Wales in Europe

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Why haven't the EU accounts been cleared?

A:

This is a common misconception. The European Court of Auditors gave the EU annual accounts a clean bill of health for the 10th year in a row, finding them true and fair.

The Court also detected fewer errors across all areas of spending than in the past, and the final overall level of error for 2016 is considerably lower than for the previous year. For roughly half of EU spending, the error rate did not even reach the level considered by the Court as material. No errors were found on the revenue side of the budget. This allowed the Court to upgrade - for the first time - its opinion on payments to "qualified".

Member States manage 80% of spending under the EU budget and the Commission is working closely with them to ensure money is spent effectively and efficiently. The Commission is sharing good practices, providing guidance and organising trainings for national authorities which spend EU funds on the ground. The goal is to prevent errors from occurring – by making Member States detect, report and correct any irregularities early, so that they do not risk losing funds to which they would have been
entitled.

 

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