Discharge Approval for EIT Budget 2013

Summary

The European Parliament reviewed and eventually granted discharge to the European Institute of Innovation and Technology (EIT) regarding its 2013 budget implementation, following initial concerns about financial management.
10 01.12.2015
Other
budget
economy
public administration

Key points

  • The European Parliament initially postponed the approval of the EIT's 2013 budget due to concerns over financial management.
  • Auditors were unable to provide sufficient assurance regarding the legality and regularity of grant transactions.
  • Irregularities were identified in procurement procedures, specifically concerning certain framework contracts.
  • High staff turnover was noted as a significant factor affecting the implementation of personnel-related budgets.
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