Hungarian Auditor To Draft Report On EU Funding Management By End-May
- 21 May 2014 9:00 AM
Hungary’s body for auditing European funds is expected to draft a report for the European Commission on the new system for managing the country’s European Union funding by the end of May, the Prime Minister’s Office told MTI. The Directorate General for Audit of European Funds (EUTAF) is reviewing changes to the way EU funding is managed and controlled according to a methodology agreed with the European Commission, the cabinet office said.
The final report will be submitted to the EC. The EUTAF is an independent body funded by the central budget established in 2010 to “carry out audit authority tasks regarding European Union and other international funds determined by the government”, according to the government’s website.
In April, Brussels voiced concern over a restructuring of the system for managing EU funding and requested further information. Hungary was to send an answer to the EC regarding the request before it could submit any further invoices for EU funding. The Prime Minister’s Office said last week that Hungary could submit the invoices, following successful talks.
Source www.hungarymatters.hu
Follow that link to sign-up for MTI’s twice-daily newsletter.
LATEST NEWS IN business