The Commission welcomes the decision of the European Court of Auditors (ECA) to give the EU annual accounts a clean bill of health, for the 16th year in a row. The revenue part of the EU budget also continues to be free from material error, like in previous years. The Commission takes note of ECA`s reserves as regards the regularity of expenditure under both the Multiannual Financial Framework (MFF) and the Recovery and Resilience Facility (RRF).

In 2022, just as the global economy was beginning to bounce back from the COVID-19 pandemic, Russia launched a war of aggression against Ukraine. In that context, the EU budget provided crucial support to Ukraine, while at the same time supporting those affected by the socio-economic consequences of the war. The EU budget assisted Ukraine and the Member States with €15.4 billion, while support from the RRF – for a total of €138.7 billion in 2022 – has continued to foster inclusive green and digital transitions through concrete reforms and investments.

The EU budget also delivered on the EU’s climate commitments and achieved tangible results for households across Europe. In 2022, €119.4 billion were dedicated to measures contributing to climate objectives, representing 36% of the EU budget and NextGenerationEU. Through cohesion policy, 22 million citizens benefitted from flood protection and 19 million citizens benefitted from forest fire related measures. Despite the more difficult market environment, encountered by all issuers, the demand for EU bonds remained high in 2022. The Commission is implementing a debt management strategy that aims to build a strong and liquid issuance programme. Thanks to its funding strategy, the Commission has further strengthened its already well-established name in debt markets.

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Source: European Commission

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