| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/12/678 (22.6.12) |
| Publication Date | 22/06/2012 |
| Content Type | News |
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A total of €436 million of EU agricultural policy funds unduly spent by Member States is being claimed back by the European Commission under the so-called clearance of accounts procedure. As some of these amounts have already been recovered from the Member States, the financial impact is somewhat lower at €426 million. This money returns to the EU budget because of non-compliance with EU rules or inadequate control procedures on agricultural expenditure. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/678&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Business and Industry |
| Countries / Regions | Europe |