Almost €50 Billion of the PRR Have Done Little to Solve Public Administration Problems in Europe, Says the European Court of Auditors
5 Articles
5 Articles
According to the European Court of Auditors (ECA), the EU's coronavirus recovery fund, the Recovery and Resilience Facility (RRF), has had only a limited effect. Eight.5 percent of the budget, nearly 50 billion euros, was misspent, meaning targets were not met. "The opportunity to tackle persistent structural challenges has largely been missed," says ECA member Ivana Maletić.
European auditors warn that the reforms have given priority to digitisation, leaving structural problems unresolved. Portugal has allocated around €952 million to this area.
Analysis of the implementation of part of the EUR 50 billion across the European Union concludes that countries have favoured rapid changes rather than structural reforms.
According to a report published on Tuesday by the EU Court of Auditors, almost 50 billion euros from the EU Corona Fund, which was intended to improve public administration in EU countries, seem to have leaked to a large extent in vain. Only about one third of the measures had achieved significant results, according to the auditors. None of the EU's recommendations addressed to EU countries in 2019 and 2020 had been fully implemented.
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