Discharge of the European Development Funds (2014)

Summary

The European Parliament grants discharge for the 2014 budget implementation of the eighth, ninth, tenth, and eleventh European Development Funds and approves their account closure.
10 14.09.2016
Other
european union
budgetary control
international relations
public finance and budget policy

Key points

  • The European Parliament grants discharge for the implementation of the 2014 budget regarding the eighth, ninth, tenth, and eleventh European Development Funds.
  • The accounts for these specific development funds are officially approved for closure.
  • There is significant concern regarding the rising error rate in expenditures, which increased to 3.8% in 2014.
  • A major cause of financial errors is identified as non-compliance with procurement rules by beneficiaries.
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