The European Court of Auditors Wednesday warned that the EU budget system is too focused on just getting funds spent and needs to place more emphasis on achieving results.
In its annual report on the EU budget published today, the ECA said it signed off the 2013 accounts of the EU , but stressed that the management of EU spending is not yet good enough overall either at EU level or in the EU Member States.
Throughout the 2007 to 2013 spending period, say the EU Auditors, the priority was given to spending the money - آ‘use it or lose itآ’ - rather than to achieving good results. President Victor Caldeira in a press statement said, "from now on, there has to be more careful management and control of EU funds. The European Commission and the Member States must pay more attention to how they spend our taxpayersآ’ money."