Saturday, November 15, 2008

FSA Is Better Than EU

At administering farm program payments and getting them accurate. At least, that's a possible conclusion from this quote:
As Wyn Grant has observed, the Court of Auditors annual report on the 2007 EU budget published on Monday identified a clutch of weaknesses associated with the controls on spending on EU farm policies. The Court observes that “Some 20 percent of payments audited at final beneficiary level and revealed incorrect payments, a limited number of which had a high financial impact.” It concludes that farm subsidies remained “affected by a material level of error of legality and/or regularity”.
In its worst days, FSA never had that high a rate of erroneous payments (and even that was partially a matter of definition).

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