Annual EU Finances Statement
Mark Hoban (Financial Secretary, HM Treasury; Fareham, Conservative)
I am today laying before Parliament, the “European Union Finances: Statement on the 2012 EU budget and measures to combat fraud and financial mismanagement” (Cm 8405). It is the 32nd in the series.
The statement gives details of revenue and expenditure in the 2012 EU budget and covers recent developments in EU financial management and measures to counter fraud against the EU budget. It also includes an annex on the use of EU funds in the UK.
The current economic and financial climate demands that the EU spend within its means, the Government remain determined to ensure transparency and better value for money in EU budget spending, and to push for improvements in EU financial management.