EU – Baltic States, Financial Services, Funds, Latvia

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 16:56

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.






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