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:
“No officer should be required or permitted to take part in the management of political organizations, caucuses, conventions, or election campaigns. Their right to vote and to express their views on public questions, either orally or through the press, is not denied, provided it does not interfere with the discharge of their official duties. No assessment for political purposes on officers or subordinates should be allowed.”
—Rutherford Birchard Hayes (1822–1893)