EU – Baltic States, Financial Services, Funds, Latvia

International Internet Magazine. Baltic States news & analytics Friday, 19.04.2024, 22:45

Latvia: EUR 1.9 mln worth of EU funds spent inappropriately in H1

BC, Riga, 18.09.2020.Print version
EUR 1.9 mln have been improperly spent from European Union (EU) funds in the first half of this year, according to a report prepared by the Ministry of Finance (MoF) on the use of EU funds.

Under EU law, impropriety is defined as an irregularity committed as a result of an economic activity or omission which causes or is likely to cause damage to the general budget of the EU by requiring the general budget to cover an unjustified part of expenditure. Impropriety means, for example, a request for reimbursement for work not actually performed or irregularities in procurement.


In total, in this EU funding period, which lasts from 2014 to 2020, inappropriate expenditures in the amount of EUR 22.9 mln have been identified. In this planning period, EUR 4.4 billion are available to Latvia from EU funds.


In the first half of 2020, EUR 1.9 mln are considered to have been spent inappropriately, of which suspicions of fraud or organized crime were found in the amount of EUR 1.11 mln, but violations of procurement norms were found in the amount of EUR 520,000.






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