π’ Errors in #EUspending persist while #debt burden increases, according to the @EUauditors Annual Report on the #EUfinances for 2024. πΆπ
β οΈ The level of #error in EU budget spending in 2024 is estimated at 3.6%.
β οΈ The EUβs COVID recovery mechanism is also affected by irregular payments and systemic #weaknesses.
β οΈ A growing debt burden poses #risks to future EU budgets.
π Read the full report π
https://www.eca.europa.eu/en/publications/AR-2024
π’ π Review of the EUβs β¬650 billion #RecoveryFund, issued today by the #EUauditors: #RRF suffers from several weaknesses in terms of performance, accountability and transparency.
Key findings:
πΆ #EUrecovery fund brought a new approach to #EUspending decoupled from costs.
πΆ Auditors warn about its many weaknesses ahead of key #EUbudget decisions
πΆ The RRF suffers from insufficient focus on performance, and weak control.
π Read the full review π
https://www.eca.europa.eu/en/publications/RV-2025-02
European Court of Auditors