The RRF implementation is at risk because of unclear targets, European Court of Auditors says
The European Court of Auditors has published its first report on the more than 700 billion euros Recovery and Resilience Facility (RRP). The assessment is generally adequate, the report notes, but the successful implementation of the plans remains at risk due to unclear targets and objectives.
"Timely disbursement of support is crucial, but it must not be at the expense of sound financial management," says Ivana Maletić, Member of the Court responsible for the audit. Full transparency and effective controls are needed to ensure that EU funds are used for their intended purposes and have the desired effect.
The Auditors examined the procedure adopted by the European Commission to assess the National RRPs and the guidance given to the Member States. For 6 Member States, Germany, Greece, Spain, France, Croatia and Italy (the countries with the most subsidies in absolute terms or in relation to GDP), the executive of the EU has checked whether they had ensured