Rising budget backlog could impact future EU-funded projects, say Auditors.

Rising budget backlog could impact future EU-funded projects, say Auditors.
The backlog of money committed under the EU budget but not yet paid out has reached a new high, which could create significant financial risks for the future, according to a new rapid case review by the European Court of Auditors. 

The value of payments that the European Commission will need to make was €267 billion at the end of 2017 and is set to grow further.
The auditors warn that this may restrict the Commission’s ability to manage future needs or settle future payment requests on time. (...)