EU blows €4.2billion in 2016 as spending hits record high | Daily Mail Online
Luckily its peanuts and someone signed off the accounts again.
what is a few billion amongst enemies?
Luckily its peanuts and someone signed off the accounts again.
Britain currently contributes around 12 percent of the EU budget, and the divorce bill is a key sticking point in Brexit talks, the fourth round of which conclude in Brussels on Thursday.
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Klaus-Heiner Lehne, the head of the auditing body, said: 'Clearing this backlog and preventing a new one should be priorities, bearing in mind the planning of EU spending in the period starting in 2020.'
High levels of misspending were found on rural development and the environment, the auditors said, as well as on 'economic, social and territorial cohesion' - projects to reduce regional inequalities and regenerate old industrial areas.
Examples of misspending included a Spanish recipient of regional development funds declaring costs twice and wrongly declaring VAT.
The report said the overall rate for wasteful spending fell to 3.1 percent of the EU's total €136.4billion spending in 2016, amounting to €4.2billion.
This was down from 3.8 percent and €5.5billion in 2015 but still above the acceptable level of 2.0 percent.
Read more: EU blows €4.2billion in 2016 as spending hits record high | Daily Mail Online
Follow us: @MailOnline on Twitter | DailyMail on Facebook
RELATED ARTICLES
Previous
1
Next
David Davis dismisses 'made up' claims about the Brexit...
Chancellor Vs Boris, it's all-out war: 'I'm f***ing fed up...
Share this article
Share
Klaus-Heiner Lehne, the head of the auditing body, said: 'Clearing this backlog and preventing a new one should be priorities, bearing in mind the planning of EU spending in the period starting in 2020.'
High levels of misspending were found on rural development and the environment, the auditors said, as well as on 'economic, social and territorial cohesion' - projects to reduce regional inequalities and regenerate old industrial areas.
Examples of misspending included a Spanish recipient of regional development funds declaring costs twice and wrongly declaring VAT.
The report said the overall rate for wasteful spending fell to 3.1 percent of the EU's total €136.4billion spending in 2016, amounting to €4.2billion.
This was down from 3.8 percent and €5.5billion in 2015 but still above the acceptable level of 2.0 percent.
Read more: EU blows €4.2billion in 2016 as spending hits record high | Daily Mail Online
Follow us: @MailOnline on Twitter | DailyMail on Facebook
what is a few billion amongst enemies?
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