The backlog of money committed under the EU budget but not yet paid out has reached a new high, which could create significant financial risks for the future, according to a new rapid case review by the European Court of Auditors. The value of payments that the European Commission will need to make was €267 billion at the end of 2017 and is set to grow further. The auditors warn that this may restrict the Commission’s ability to manage future needs or settle future payment requests on time.
The EU’s future framework programme for research and innovation is taking shape. Member states’ ambassadors meeting in the Council’s permanent representatives’ committee today confirmed the common understanding reached between the Romanian presidency of the Council and the European Parliament, as part of an overall compromise on the Horizon Europe package, on the majority of the operative provisions of Horizon Europe, the next EU framework programme on research and innovation for the years 2021 to 2027.
BusinessEurope Director General Markus J. Beyrer said: “Today’s agreement on the EU budget architecture for Horizon Europe is a very important step forward. The preparatory steps to have the programme ready by January 2021 can now start.