The European Commission managed its 2014 EU budget funds according to the rules, so Parliament should grant it a 'discharge' (i.e. approval), for that year, the Budgetary Control Committee said on Thursday. Parliament’s own management of EU funds in 2014 was also approved, in a separate vote. (Read more)
Three joint private sector-EU technology projects must do better justifying their use of EU funds in 2014 before the European Parliament approves their accounts, said Budgetary Control Committee MEPs on Tuesday. Parliament should also postpone granting “discharge”, that is, approving the spending of the Council of Ministers and the European Council (EU leaders) for the same year, the committee recommended to the full House. (Read more)
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 or twice 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!