Member States' forecasting errors in 2012 - Structural and Cohesion Funds

In line with EU Regulations, every year by 30 April, national authorities submit their forecast of requests for payments for the current and the following year, broken down by programme and Fund. The last column represents the relative forecasting error, which according to the source is 'the forecasting error by a Member State for a given year measured in percentage of the actual payment claims submitted by that Member State during the same year'.

According to the official report, in 2012 Member States overestimated their payment claims by 15% (20% in 2011). Denmark had the highest rate of overestimation, followed by Romania and Cyprus.

The report also notes that 'Germany overestimated its payments by 26%. As its payment claims represent 7.8% of the total claims, this forecast error also had a substantial influence on the overall average. Hungary and Italy had a relatively limited overestimation of 16% and 15% respectively but as their payment claims represent 5.8% and 6.9% of the total value, these forecast errors had a relevant influence on the overall average'.

Poland, Spain, Finland and Austria had the lowest estimation errors. Only four countries underestimated their payment requests (Austria, Sweden, Portugal and Luxembourg).

Follow InsidEUROPE on Facebook and Twitter