On Thursday 19 January, the European Court of Auditors (ECA) will publish a comparative analysis of EU financing through cohesion policy and the Recovery and Resilience Facility (RRF).
ABOUT THE TOPIC
Cohesion is the EU's main long-term investment policy, and the RRF plays a key role in providing additional funding for the economic recovery in response to the COVID-19 pandemic in EU countries. The EU's long-term budget will provide €1 211 billion in funding from 2021 to 2027, of which €361 billion will come from the cohesion policy funds. In addition, the Next Generation EU financial package will make €807 billion available to EU countries from 2021 to 2026, of which €724 billion will come from the RRF. Both the 2021-2027 cohesion policy funds and the RRF are still in the early stages of implementation.
ABOUT THE REVIEW
This review will provide a comparative analysis of both instruments with a view to contributing to the preparation of the multiannual financial framework after 2027. The auditors looked at this topic because of the importance of the two instruments for the economic recovery in the EU Member States following the COVID-19 pandemic, and because of interest in the RRF's delivery mechanism. They have examined the similarities and differences between the two instruments, focusing on their overall framework, governance and management arrangements, as well as their complementarity and the risks and challenges arising from their parallel implementation in the coming years.
FOR THE PRESS
The review and an information note will be published on the ECA website eca.europa.eu at 5:00 p.m. CET on Thursday 19 January.
The ECA member responsible for this review is Ladislav Balko.
For any questions or statements, please contact the ECA press team: email@example.com