Showing posts with label Court of Auditors. Show all posts
Showing posts with label Court of Auditors. Show all posts

Thursday, November 6, 2014

Well what do you know?

The Court of Auditors, the EU's own institution, has refused to pass those accounts for the twentieth year running.
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.

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.
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.

Tuesday, November 9, 2010

By all means, let's give them some more money

Same old, same old. The Court of Auditors has once again refused to sign off the EU Budget for 2009. Are there any improvements? Apparently yes but some things have become worse:
Are there any improvements compared to previous Annual Reports? Yes, as Mr Vítor Caldeira, President of the European Court of Auditors, says “the estimate for the most likely error in Cohesion spending was significantly lower than in previous years; and, for the budget as a whole, the Court's estimate of error has fallen over recent years”. This reduction outweighed, in its significance and effect on the overall level of regularity, an increase in the estimated error rate in Agriculture and Natural Resources.
Here is the Report in full. On pages 11 and 12 you will find the following paragraphs:
IX. In the Court’s opinion, ‘Revenue’, commitments for all policy groups and payments underlying the accounts for the policy groups ‘Economic and financial affairs’ and ‘Administrative and other expenditure’ for the year ended 31 December 2009 in all material respects are legal and regular.

X. In the Court’s opinion, payments underlying the accounts for the year ended 31 December 2009 for the policy groups ‘Agriculture and natural resources’, ‘Cohesion’, ‘Research, energy and transport’, ‘External Aid, development and enlargement’ and ‘Education and Citizenship’ are materially affected by error. The supervisory and control systems are partially effective in preventing or detecting and correcting the reimbursement of overstated or ineligible costs.
By all means, let us give them some more money. And we shall.