TwitterLinkedinWhatsAppTelegramTelegram
0
Read this article in:

European Union: Commission to recover €318 million of CAP expenditure from the Member States

This money returns to the EU budget because of non-compliance with EU rules or inadequate control procedures on agricultural expenditure.

28 May 2014
TwitterLinkedinWhatsAppTelegramTelegram
0

A total of €318 million of EU agricultural policy funds, unduly spent by Member States, is being claimed back by the European Commission today under the so-called clearance of accounts procedure. However, because some of these amounts have already been recovered from the Member States the financial impact of today's decision will be some €315 million. This money returns to the EU budget because of non-compliance with EU rules or inadequate control procedures on agricultural expenditure. Member States are responsible for paying out and checking expenditure under the Common Agricultural Policy (CAP), and the Commission is required to ensure that Member States have made correct use of the funds.

Main financial corrections

Under this latest decision, funds will be recovered from 11 Member States: Denmark, Germany, Greece, Spain, France, Italy, Portugal, Romania, Slovenia, Finland and UK.

Friday April 4, 2014/ European Commission/ European Union
http://ec.europa.eu

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.
Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

Swine News

Swine industry news in your email

You are not subscribed to this list

Log in and sign up on the list