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The annual financial report is out: What the EU budget helped to achieve in 2010

The European Commission releases its yearly financial report with detailed information on what the EU money was spent on and how was it managed. It shows by means of numerous examples how the EU budget helped to create jobs, enhance nuclear safety, curtail illegal immigration and increase prosperity and welfare within the European Union. In 2010, EUR 120 billion has been spent from the EU budget representing an implementation rate of 97%.

The most striking example of the 2010 EU spending results is the impact on businesses and job market: Through the Competitiveness and Innovation programme (CIP) and the European Territorial Cooperation (Cohesion policy) 5,800 new businesses have been created and 453,310 jobs created or secured. In addition, 6.234 million workers benefited directly from European funding through the European Social Fund (ESF).

Moreover, through the 7th framework programme for research and technological development, more than 2,000 Small and Medium Enterprises (SMEs) and SME associations invested in research and development. In the framework of the external border control, the free movement of people inside the EU and the effective management of migration flows within the European Union, around 1,800 designated border crossing points have been monitored by the EU and 20 joint operations have been carried out. On the level of who has got how much, the four biggest recipients of EU funds were Spain (€13.2 billion), France (€13.1 billion), Germany (€11.8 billion) and Poland (€11.8 billion) while compared to their respective GNI, Lithuania (5.9%), Estonia (5.8%) and Luxembourg (5.2%) were the biggest beneficiaries of EU funds.

More information:

EU budget 2010 Financial Report

Press release