The European Commission’s REACT-EU proposal to top up cohesion funding for EU countries by €58 billion in the crucial first few years of the Covid-19 recovery aims to mobilise investment and frontload financial support.
In a new
opinion published today, the European Court of Auditors (ECA) points out a
tension between the proposal’s aim of providing the extra funding as swiftly as
possible and the goal of making it available where it is needed most and will
have most effect. The auditors also warn that the crisis response mechanisms the
Commission is proposing for the next seven-year budget lack provisions
conducive to the sound financial management of EU funds.
European Court of Auditors
© European Court of Auditors
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