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The work of the interparliamentary meeting of the European Parliament's Committee on Budgetary Control, which was attended by the Chairwoman of the Parliamentary Committee on Finance and Budget, Mrs.
In her intervention in a debate on the role of national parliaments in overseeing the spending of European Union funds and overseeing the allocation and utilisation of the NextGeneration EU Plan funds, Ms Erotokritou stressed the importance of parliamentary oversight in the utilisation of the Recovery and Resilience Fund (RDF) resources through the state budget, which is subject to close scrutiny. Referring to the work carried out in this regard by the House of Representatives, Mrs. Erotokritou noted that, within the framework of their responsibilities, the Parliamentary Committee on Finance and Budget and the Parliamentary Committee on Monitoring of Public Expenditure Development Plans and Control, exercising parliamentary control, request details and clarifications from the executive and other stakeholders on the utilization of the funds in question.
Ms Erotokritou further stated that the two Parliamentary Committees are cooperating with the Audit Office of the Republic of Cyprus to ensure the correct, timely and transparent allocation of TAA funds. Regarding the 133 reform and investment measures related to the Recovery and Resilience Plan, Ms Erotokritou noted that there are no bills pending before the Parliamentary Committee on Finance and Budget, as they were all approved on time. Finally, Ms. Erotokritou stressed the importance of swift implementation of the legislation in order to avoid delays in the disbursement of funds from the CDF.
(Text as sent by the House of Representatives)
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