The Colleges of the European Commission and the European Court of Auditors met on November 13th in Brussels for the annual meeting between the two EU institutions. Both institutions reaffirmed their commitment to continuing their constructive cooperation as the EU’s executive and audit powers, while at the same time exploring ways to deepen their cooperation in full respect of their respective roles. The members of the Commission and the Court of Auditors discussed how the EU budget contributes to the achievement of the EU’s ambitious priorities.
President of the European Commission, Ursula von der Leyen said: “The Court of Auditors has a fundamental role in safeguarding the EU budget ensuring financial responsibility for the benefit of citizens, businesses, municipalities, and beneficiaries across Europe. The Commission is committed to ensure that every euro of our EU budget is well spent while addressing the multifaced challenges we are facing today.”
President von der Leyen and President Murphy underlined the critical importance of NextGenerationEU for the European recovery, resilience and the twin green and digital transitions, as well as for transforming the EU economy.
They reaffirmed their shared commitment to ensuring that EU funds are managed in accordance with the highest standards of accountability, transparency and sound financial management. Furthermore, they reiterated the importance of common efforts in safeguarding the financial interests of the EU.
Tony Murphy, President of the European Court of Auditors (ECA) : “The Commission plays a crucial role in shaping EU policy and overseeing the utilisation and allocation of EU funds. As the EU budget continues to grow in scope and complexity, so do the associated budgetary risks, presenting challenges in maintaining sound financial management and the effectiveness of public interventions. Through its independent and professional audit work, the ECA will continue to focus on issues that directly impact the well-being of EU citizens and respond to current and future challenges facing the EU.”
