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Wednesday, February 29, 2012

The European Union has implemented 99, 7% of its 2011 budget

While in 2010 the EU budget commitments that had not been implemented amounted to 1.6 billion euro, this year they only amount to 375 million euro. The execution rate displayed by the EU is all the more impressive since the 2011 EU budget had been increased to 123.2 billion euro.

Many of the programmes in the area of Competitiveness achieved full implementation or even exceeded the budgeted payments, and needed reinforcement through transfers and/or amending budgets. This was particularly the case for Research, Competitiveness and Innovation, as well as Lifelong Learning.

Same scenario for Cohesion Policy where lack of resources in the EU budget made it impossible to pay all the bills for projects; Especially significant was the implementation of the European Social Fund (ESF) which required over EUR 1 billion of additional appropriations made available through a combination of amending budgets and transfers.

Background

Every year the Commission produces information notes on the implementation of the EU budget (in February, June and October). These are produced for information purposes only and are sent to the budgetary authority (European Parliament and Council).

The February information note gives an overview of the budget implementation as by/on 31 December 2011, for commitments and payments. It does not include implementation data per country.

Source  European Commission - Press release

More information  Homepage DG Financial Programming and Budget

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