Spending watchdog says unclaimed EU funds could total 105 billion crowns

Czech spending watchdog, the National Audit Office (NKÚ) has warned that the country could fail to pump up to 105 billion crowns of EU funds under a worst case scenario for the current payments period. The office made the warning Thursday when it unveiled its EU Report 2015. The office said that 85 billion, or around a third of the overall amount, in EU funding might not be claimed this year. Added to unclaimed funds from previous years, that could take the total to 105 billion crowns. The Czech Republic has one of the worst records for spending EU funds among the EU 28 over the ongoing seven year period.

Author: Ruth Fraňková