EU budget 2011 Financial Report to be released soon
Every year the Directorate-General for Budget publishes a financial report on the EU budget, which explains how the yearly budgetary cycle is managed, provides detailed information on the sources of EU financing and gives a basic overview of EU expenditure in the previous year. We are pleased to announce that the EU budget 2011 Financial Report will be published on 20 September 2012.
The Report consists of four sections – overview, revenue, expenditure and annexes. In terms of budget execution, it confirms a high implementation rate for policies that boost economic growth and employment opportunities, i.e. research, competitiveness and innovation, and the ‘Lifelong learning’ programme. These actions are at the core of the Europe 2020 strategy for smart, sustainable and inclusive growth.
The Report is intended as a transparent means of communication of the Union's finances, highlighting the important role of European investments. And since EU funding is considered safe, the private sector is more likely to embark on investment projects when they are backed by the EU budget. One euro invested in an EU-funded project generates up to EUR 10 of private sector co-investment.
The Report will be available in English, French and German in its traditional paper versions through the EU Bookshop. Also, for the first time an interactive electronic version has been prepared. In order to be the first to know about the release of the Report, please send an email to: email@example.com
Financial and Programming Budget publications