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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
