On Thursday 21 October, the European Court of Auditors (ECA) will publish a special report on performance-based financing in EU cohesion policy.
ABOUT THE TOPIC
The EU pursues its cohesion policy objectives by means of funding programmes. But how good is it at identifying its successes in cohesion programmes and capitalising on them? The ECA has carried out an audit to assess how responsive the EU's policy-financing mechanisms are to the performance of the programmes being funded.
ABOUT THE AUDIT
Channelling funds towards policy measures which achieve the best results is a way of incentivising quick progress towards policy goals. The ECA's auditors have examined whether the EU's performance-based financing instruments in cohesion policy are designed in a way that rewards the projects which achieve the best results. They assessed whether the Commission and the Member States have used performance-based financing instruments effectively, and whether doing so has made a difference to the way cohesion funding is allocated and disbursed.
The EU always seeks to achieve quick progress towards its policy objectives by channelling funds towards the spending programmes which turn out to be most effective. This audit will contribute to the discussion around how the mechanisms aimed at achieving that goal in cohesion policy should be developed further.
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The report and press release will be published on the ECA website
eca.europa.eu at 5.00 p.m. CET on Thursday 21 October. The ECA member responsible for this report is Ladislav Balko.
The ECA’s special reports set out the results of its audits of EU policies and programmes or management topics related to specific budgetary areas. The ECA selects and designs these audit tasks to be of maximum impact by considering the risks to performance or compliance, the level of income or spending involved, forthcoming developments and political and public interest.