The European Union’s auditors have estimated that one in 20 payments made from the EU’s 2013 budget was affected by error. The auditors put the overall error rate for payments at 4.7%, marginally down on the 2012 budget when its estimate was 4.8%.More details on the EUObserver:
Almost €7 billion of the EU budget was illegally spent in 2013, the European Court of Auditors (ECA) revealed on Wednesday (5 November), as it declined to sign off EU spending for the 20th consecutive year.Is this going to make the slightest difference to the people who have mis-spent our money consistently? Or to the ever higher sums that are demanded from the long-suffering taxpayer? Not on your life.
Although the error rate of misspent funds fell fractionally to 4.7 per cent from 4.8 per cent in 2012, this is still well above the 2 per cent threshold under which ECA could classify payments as error-free. Spending on administration was the only part of the budget to fall within the threshold, with an estimated 1 per cent error rate.
In total, EU spending in 2013 reached €148.5 billion.