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24 Mar 2015

EP Budgetary Control Committee proposes postponing EIT and JU budget discharge

The European Parliament's Budgetary Control Committee is advising the EP to postpone granting a “discharge” to the European Institute of Innovation and Technology (EIT) and four EU/private new-technology partnerships. This was dedided unanimously by the Committee at its meeting on 23 March 2015. In the annual “discharge” procedure, Parliament, as the EU's sole discharge authority, verifies whether EU funds were spent according to the rules.

With regard to the EIT, MEPs were not satisfied with its verification of payments before and after it contracted projects. In addition, MEPs questioned the EIT's use of by-invitation-only public procurement procedures. The EIT has until September to convince the EP that it has improved its management of EU resources, before the EP approves its accounts.

Similarly, four out of seven Joint Undertakings (ARTEMIS, ENIAC, IMI and ITER) also failed the discharge test, The Joint Undertakings (JUs) are projects set up as EU partnerships with private companies. While ARTEMIS, ENIAC and IMI were criticised for insufficient checks on money transfers, ITER was criticised for delayed disbursements and growing budget costs.

The EP plenary will vote on the Budgetary Control Committee’s recommendations between 28 and 30 April 2014. The final decision on the postponed discharges will be taken in October 2015.

For more information: EP press release

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