Corruption could become harder to catch under new EU budget, watchdog warns
5 Articles
5 Articles
The President of the European Court of Accounts, Tony Murphy, stated that the reform proposed by the European Commission of the seven-year budget of the EU could complicate the control of spending and increase the risk of corruption; the European Commission proposed that the EU's long-term budget should be modified after 2027 so that a large part of the funds would be allocated more flexibly to different objectives, including migration, agricult…
The President of the European Court of Auditors is warning of a serious danger: the European Commission's more flexible budget plans could make financial flows almost untraceable in the future, significantly increasing the risk of corruption and fraud. The timing of the warning is not coincidental, as the audit body's latest annual report shows that the amount of taxpayers' money spent incorrectly or irregularly increased dramatically last year,…
The EU budget is being made more flexible to allow countries to respond more quickly to crises. But the more freedom they have to redistribute money themselves, the harder it can be to independently verify that the funds are being used for their intended purpose and that there has been no misuse.
The new budget of the European Union could make it difficult to detect fraud and to monitor how public money is spent.The European Court of Auditors warns that the flexibility granted to Member States can reduce the transparency of the use of European funds.
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