Digitalisation to streamline reporting, monitoring and auditing of EU spending

Spending the EU budget efficiently and transparently is key to ensuring the sound implementation of EU policies and citizen support for the Union. However, the fragmentation of reporting systems used across the EU hampers the scrutiny of how spending is done. To address this situation, the European Parliament's Budgetary Control (CONT) Committee has drafted a legislative-initiative report asking the Commission to submit, before the end of 2021, the legislative proposals needed for the introduction of an integrated and interoperable electronic information and monitoring system to collect, monitor and analyse information about final beneficiaries in all Member States. The Parliament is expected to vote on this report during its November II plenary session.