Brexit & EconomyPoliticsEuropean accounts to be approved

European accounts to be approved

European Parliament committee recommends approval of Commission's accounts

The European Parliament’s key budgetary control committee has recommended
that the Commission’s 2004 accounts be discharged, allowing a formal approval on
April 27 by all MEPs. The committee, however, called for continued improvements
to often-criticised European Union accounting controls, requesting ‘better
management of EU funds…jointly managed by the commission and the member states’.

This has been a common complaint of EU anti-fraud Commissioner Siim Kallas
who wants more openness by governments about the recipients of EU funds under
national management. As a result, the committee has proposed that ‘national
management declarations’ are introduced for shared-management programme
accounts, signed by the relevant member state agencies and ministries.

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