Funds Management
Although the Structural Funds are part of the EU budget, the way they are spent is based on a system of shared responsibility between the European Commission and the member state authorities:
- The Commission negotiates and approves the NSRFs and OPs proposed by the member states, and uses these as a basis for allocating resources.
- The member states and their regions manage the programmes. This includes implementing the OPs by selecting individual projects, controlling and assessing them.
- The Commission is involved in overall programme monitoring, pays out approved expenditure and verifies the national control systems.
Read more about this topic: Structural Funds And Cohesion Fund
Famous quotes containing the word management:
“The management of fertility is one of the most important functions of adulthood.”
—Germaine Greer (b. 1939)