The European Court of Auditors (ECA) published its annual reports on the EU 2023 budget on Thursday 10 October. For the fifth year in a row, the Court of Auditors has issued an unfavourable opinion on EU budget spending and a “qualified” opinion on the Recovery and Resilience Facility (RRF). It also points to the increase in the EU’s debt, which is twice as high as it was in 2021, largely as a result of the loan taken out for Next Generation EU (NGEU).
Budget expenditure. The...