Financing Ukraine's recovery: Consequences for the EU budget and budgetary control, and principles for success

This paper provides detailed insight on the use of the EU budget to support Ukraine and Ukrainian refugees. It explains the recent Commission proposal for a new ‘Ukraine Facility’ to finance the country and its recovery in the years 2024 to 2027. Furthermore, the paper addresses the challenges of ensuring full parliamentary scrutiny, democratic oversight, and effective budgetary control of the enormous amounts spent on Ukraine’s recovery. On top of that, the paper presents principles for a successful recovery.