Financial oversight: internal and external control authorities

Pauline Thinus and Paul Dermine

Chapter 16 in Research Handbook on Post-Pandemic EU Economic Governance and NGEU Law, 2024, pp 237-253 from Edward Elgar Publishing

Abstract: Sound financial management constitutes a major challenge of the national recovery and resilience plans. The architects of NGEU and the RRF have sought a delicate balance between macroeconomic performance (and the rapid injections of funds in national economies) and the protection of the Union’s financial interests. The result is a singular compromise, which this chapter seeks to unveil. On the one hand, the RRF is implemented in direct management, with the Member States as direct beneficiaries. On the other, recovery plans rest on an elaborate control and audit system à la shared management, which closely intertwines national and European apparati and is articulated around different procedural phases, placing national authorities and final recipients of recovery funds under tight and close scrutiny. The system also involves other supranational actors as external safeguards, namely the European Court of Auditors (ECA), the European Public Prosecutor’s Office (EPPO) and the European Anti-Fraud Office (OLAF).

Keywords: Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035328161.00026 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:23111_16

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().