Welcome words

CONT Committee Chair © European Union 2019 - EP
Welcome to the Committee on Budgetary Control! I was elected Chair of this committee in July 2019. Here, together with 29 colleagues from a total of 16 countries, I am committed to ensuring effective control of the EU budget.

Our work involves controlling and monitoring the correct, targeted use of the budget (some EUR 166 billion in 2019). The main responsibility for budget management lies with the European Commission, which distributes the lion's share of the funds. Some 80% of the money goes to the Member States, around 13% is invested around the world, and roughly 7% is spent on administration.

The Committee on Budgetary Control is supported in its work by the European Court of Auditors (ECA) in Luxembourg. Our remit also covers the European Anti-Fraud Office (OLAF) and the European Investment Bank (EIB). We are involved in all legislative procedures concerning issues relating to the proper management of the budget and the safeguarding of the EU's financial interests. We are also committed to having a robust European Public Prosecutor's Office (EPPO).

Look at the figures, because they are looking at you - good financial management results in security, trust and reliability.

Monika Hohlmeier