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The auditors have published an Audit Preview on EU Budget support. Audit Previews (previously called Background Papers) are designed as a source of information for those interested in the policy or programmes being audited. They provide information on an ongoing audit task.
EU budget support is divided into two parts or “tranches”: one fixed and one variable depending on results achieved. For the variable part, data on progress plays a fundamental role since it determines whether or not the money is paid out.
During the audit, the auditors will consider whether the EC has access to relevant and reliable performance data to determine whether to disburse the variable part of budget support. In particular, they will examine whether:
• the Commission thoroughly assesses partner countries’ capacity to produce relevant and reliable performance data;
• budget support contracts include provisions for effective monitoring of progress in the sectors supported; and
• the Commission verifies effectively the data used as a basis for paying variable tranches.
“High-quality, timely data is an essential input for smart decision-making,” said Hannu Takkula, the member of the European Court of Auditors responsible for the audit. “Using relevant and reliable performance data for paying budget support is therefore of the utmost importance.”