Analysis
Politics
Unlocked
Polish President Unlikely to Block Tusk’s Appointment as PM
1 December 2023
How the Commission has failed to ensure good governance standards and what the EU can do to repair it.
The EU Recovery and Resilience Facility (RRF) is a historic intervention by the EU, which will see 672.5 billion euro being given out to the Member States to help mitigate the economic and social impact of the pandemic. With such a large amount of money being released to the Member States, monitoring of these funds is essential in order to protect the financial interests of the Union.
But the Commission has failed to ensure that spending is transparent. It is up to Member States governments if and how their citizens are able to keep track of where the money ultimately goes. But is it in the interest of authorities to be transparent beyond the minimal standard?
The goal of the RRF fund, which is an example of performance-based funding, is to carry out effective reforms, and additional information obligations are seen by many as a bureaucratic burden.
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