Source: European Parliament
On 8 April 2025, the Members of the Committee on Budgetary Control will consider the draft CONT opinion to the own-initiative report of the REGI Committee on Possibilities for simplification of cohesion funds.
Cohesion policy is the European Union’s main investment policy, amounting to almost 1/3 of the EU’s multiannual financial framework (MFF) for 2021-2027. Regrettably, cohesion is one of the spending areas with the highest level of errors: the European Court of Auditors’ estimated error rate for expenditure from Heading 2 in the financial year 2023 is 9.3%. In his draft opinion, the CONT Rapporteur underlines simplification should be the guiding principle in cohesion and insists that simplification should never come at the expense of sound financial management, control or transparency requirements.