The overhang of delayed payments yet to be made from the EU budget reached its highest ever level last year, the EU auditor said on Thursday, highlighting an ominous turn as Britain haggles over its Brexit bill.
The 28 current member states, including Britain, committed to pay nearly 1 trillion euros ($1.2 trillion) over the period between2014 and 2020, the current EU budgetary period. But delays in some of the projects and programmes that draw down those funds mean that a hefty 239 billion euros remains unspent.
Reference: Reuters
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