Official EU spending watchdogs raised questions over a colossal £89billion of spending during 2011. And for the 18th year in a row, they refused to sign off the EU’s annual accounts.
The damning verdict brought new fury at the soaring EU budget and added to the pressure on David Cameron to block a further massive hike.
In yesterday’s report, the European Court of Auditors admitted there were “too many cases of EU money not hitting the target or being used sub-optimally”.
Confirming that the level of fraud and blunder was getting worse, the report said that the “error rate” in EU spending rose to 3.9 per cent last year from 3.7 per cent in 2010. In environmental schemes, fisheries and rural development, the error rate hit 7.7 per cent.
- EU Budget: Auditors find substantial mistakes in EU spending last year (independent.ie)
- Anger as EU budget fails to get clean bill of health for 18th year in a row (telegraph.co.uk)
- EU budget watchdog says funds were wasted last year (guardian.co.uk)
- Back my demands to freeze the EU budget, Cameron tells Merkel: Auditors reject EU’s flawed accounts for 18th year (dailymail.co.uk)
- EU criticised for wasting funds (bbc.co.uk)