1. the control of the implementation of the budget of the Union and of the European Development Fund, and the decisions on discharge to be taken by Parliament, including the internal discharge procedure and all other measures accompanying or implementing such decisions;
2. the closure, presenting and auditing of the accounts and balance sheets of the Union, its institutions and any bodies financed by it, including the establishment of appropriations to be carried over and the settling of balances;
3. the control of the financial activities of the European Investment Bank;
4. monitoring of the cost-effectiveness of the various forms of Union financing in the implementation of the Union’s policies, involving, upon the Committee on Budgetary Control’s request, the specialised committees and acting, upon the Committee on Budgetary Control’s request, in cooperation with the specialised committees for the examination of special reports of the Court of Auditors;
5. relations with the European Anti-Fraud Office (OLAF), consideration of fraud and irregularities in the implementation of the budget of the Union, measures aimed at preventing and prosecuting such cases, the strict protection of the Union’s financial interests and the relevant actions by the European Public Prosecutor in this field;
6. relations with the Court of Auditors, the appointment of its members and consideration of its reports;
7. the Financial Regulation as far as the implementation, management and control of the budget are concerned.
Welcome to budgetary control at the European Parliament! I am the Chair of the Committee on Budgetary Control and one of the 30 MEPs from 17 EU Member States making up the committee in this parliamentary term. Parliamentʼs committees meet once a month as a rule.
We check how money from the EU budget (approximately EUR 130 billion per year) has been spent. The greater part of the budget is managed by the European Commission which spends 80 % in the Member States and around 13 % elsewhere in the world. Administrative costs account for the remaining 7 %. We examine whether or not funds have been used correctly and policy goals achieved. Or to put it another way – are the public in the EU really getting added value for their money?
The Committee on Budgetary Control also reports on the European Anti-Fraud Office and the European Investment Bank in Luxembourg. We are, furthermore, involved in cross-cutting aspects of EU legislation.
We value the support we receive from the European Court of Auditors in Luxembourg and its reports provide an important basis for our work.
Financial management is like a litmus test — if it does not work properly, neither do lots of other important things.
You can find further information on our website. Interested? Then get in touch!