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 care of a house, the conduct of a home, the management of children, the instruction and government of servants, are as deserving of scientific treatment and scientific professors and lectureships as are the care of farms, the management of manure and crops, and the raising and care of stock.”
—Catherine E. Beecher (1800–1878)