The European Court of Auditors says there are “increasing” risks to the European Union’s budget, as loans have risen by 32% leading to record debt and expenses have increased with inflation and the war in Ukraine.
“As in previous years, the estimated error rate in EU (European Union) budget expenditure has increased, concludes the TCE (European Court of Auditors) in the Annual Report published this Wednesday.
The TCE also warns of the increasing financial risks weighing on the EU budget, caused by three factors: record debt, Russia’s war against Ukraine and strong inflation”, says the organization in a press release, which accompanies your document referring to community accounts in 2023.
Speaking to the Portuguese press at the presentation of the document, the Portuguese member of the TCE, João Leão, warned that this increase in debt was foreseen by the creation of the Recovery and Resilience Mechanism (MRR) financed by going to the markets, but is penalized for not having There was also a European discussion about the new own resources, so in his opinion “the time for decision is approaching” given the “need to amortize” these credits.
Source: www.cmjornal.pt
