Annual European Union Finances Statement

(Limited Text - Ministerial Extracts only)

Wednesday 14th December 2011 Written Statements

[The Financial Secretary to the Treasury (Mr Mark Hoban)]

I am today laying before Parliament the annual European Union finances “Statement on the 2011 EU budget and measures to combat fraud and financial mismanagement” (Cm 8232). It is the 31st in the series.

The statement gives details of revenue and expenditure in the 2011 EU budget and covers recent developments in EU financial management and measures to counter fraud against the EU budget. It also includes updated details on the UK consolidated statement on the use of EU funds in the UK and changes related to the multi-financial framework.

Looking forward to future years’ budgets, and particularly in the current economic and financial climate, the Government remain determined to ensure better value for money in EU budget spending, to oppose unacceptable budget increases, and to push for improvements in EU financial management.