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EU Commission pleased with management and control of EU funds in Latvia
BC, Riga, 10.07.2017.Print version
The European Commission is satisfied with management and supervision of European Union funds in Latvia, and is confident that utilization of EU funds in Latvia is correct and in accordance with financial management principles, the Finance Ministry told LETA.
The Commission's conclusions follow an analysis of payments declared in the
past accounting year, from July 1, 2015 to June 30, 2016. It means that the
Central Finance and Contracting Agency has been efficiently administering
projects co-financed by the EU during the 2014-2020 planning period.
According to the Commission, Latvia's management declaration proves that
expenditures in the reporting period were used for the declared purposes, and
the management and control system in Latvia ensured legality and regularity of
the expenditures.