Nedzhmi ALI: Presentation of the Court of Auditors´ Annual report 2016
The budget, as annual financial framework of revenues and spending, is of significant importance for implementation of the EU´s policies. In this regard the ECA´s general conclusion that the revenue and payments for 2016 were legal and regular with some exceptions for the payments is a good news.
The estimated level of errors in the payments made from the EU budget for the last three years shows a clear trend of steady decrease from 4.4 to 3.1%. The bulk of the errors are concentrated within the areas of Economic, social and territorial cohesion, as well as in Competiveness for growth and jobs.
In ECA´s report there is early warning on a number of issues that we should be careful about. The challenges are mainly related to the budgetary and financial management. Delayed implementation of the programs could create at the end of the current programming period a huge backlog of outstanding payments.
We need a budget that provides more flexibility to respond to unforeseen events as financial problems, disasters and refugee crises. Efforts toward budget focussed on results should continue in order to achieve maximum effectiveness of spending the EU´s financial resources.