Protecting the EU budget Better use of blacklisting needed
Ευρωπαϊκό Ελεγκτικό Συνέδριο
The EU and the Member States are jointly responsible for protecting the EU’s financial interests with respect to EU funds. “Blacklisting” (or exclusion) is a key tool that international bodies and national authorities use to protect their public finances. The objective is to avoid entering into financial agreements with untrustworthy counterparties, such as those involved in fraud, corruption, professional misconduct, money laundering, or non-payment of taxes. In 2020, the EU paid out around €150 billion under financial agreements. Since 2016, the Commission has been responsible for operating the Early Detection and Exclusion System (EDES) for the quarter of EU spending (€39 billion) that it manages directly or indirectly through implementing partners in line with the EU’s financial rules. For the three quarters of EU spending involving national authorities (€111 billion), Member States have to follow exclusion-related obligations but they are not required to set up exclusion systems or databases per se.
Number of pages51o.