While the allowable threshold is 2 per cent, the error rate has risen to almost three times this number, namely 5.6 per cent. According to the ECA, that error rate related to €191.2 billion in spending, meaning that €10.7 billion of European taxpayer money was spent in ways that did not comply with the rules and conditions.
An increasing amount of money from the €240 billion European Union budget is being spent in “irregular ways”, and the record amount of financial debt is problematic, the European Court of Auditors (ECA) has said.
In its annual report for 2023, the ECA said it was “concerned about the increase in the level of error” in the European budget, adding that the EU debt had doubled in three years.
While the allowable threshold is 2 per cent, the error rate has risen to almost three times this number, namely 5.6 per cent. According to the ECA, that error rate related to €191.2 billion in spending, meaning that €10.7 billion of European taxpayer money was spent in ways that did not comply with the rules and conditions.