Press Release: Budget 2006: Improvement in quality of EU spending is confirmed

The latest financial data for 2006 confirms positive trend in the EU's budgetary development. More funding for competitiveness was ensured by further modernisation of expenditure; improvements in monitoring and planning kept the budget execution rate at a historically high level; and the substantial increase of the EU-10 countries' share of the budget secured their growing participation in EU policies. The 'EU Budget 2006 Financial Report', released on 24 September 2007, proves the EU's continued devotion to the Growth and Jobs agenda.