Responsibilities
This department develops and carries out the Commission's policies on:
Its responsibilities include, to:
- prepare the Commission's budget proposals, which are then negotiated and agreed by the European Parliament and the Council
- on behalf of the EU, borrow funds on the capital markets to finance the recovery under the NextGenerationEU instrument
- implement a diversified funding strategy to ensure borrowing meets the needs and takes place under optimal financial terms
- manage the EU expenditure, including payments to finance the recovery under NextGenerationEU
- mobilise EU budget funds to enable the EU address emergency situations
- collect the relevant revenue to the EU budget
- propose and negotiate, together with the European Parliament and the Council, any new sources of revenue to the EU budget
- manage the treasury function, by receiving all revenue and executing all payments to the EU budget
- prepare and publish the EU annual accounts
- coordinate the discharge procedure from A to Z
- report on implementation of EU budget, including by running the Financial Transparency System for EU payments
- propose and put into place the rules under which the EU funds are spent
- work together with EU countries to make sure every euro from the EU budget is well-spent and goes to where the needs are
- manage the Commission’s accounting system
Plans and reports
Commission work programme – overview of institution-wide deliverables for current year
Strategic plan – department strategy, objectives for 2020-2024
Management plan – department forecasted outputs, activities, resources for current year
Annual activity report – department achievements, resources used during previous year
