The total amount of financial corrections and recoveries for ERDF, ESF and Cohesion Fund confirmed/decided in 2013 decreased by approximately 10% compared to 2012. The total amount of financial corrections and recoveries implemented for ERDF, ESF and Cohesion Fund in 2013 decreased by roughly 42% compared to 2012. Exact figures are detailed on the attached graph. 

ERDF financial corrections decreased as a result of strict supervision and interruption of payments policy of DG REGIO. Financial corrections confirmed/decided in 2013 concern 17 Member States and in particular the Czech Republic (EUR 128 million), Hungary (EUR 139 million), Slovakia (EUR 56 million), and Italy (EUR 49 million). They mostly result from a flat-rate corrections for deficiencies in the implementation of public procurement procedures. Financial corrections implemented in 2013 concern mainly Hungary (EUR 140 million), Greece (EUR 86 million) and Slovakia (EUR 66 million).

ESF financial correction of EUR 219 million was both confirmed/decided and implemented for Romania during 2013. Other financial corrections confirmed/decided in 2013 concerned Spain (EUR 45 million) and the United Kingdom (EUR 25million) as the result of the supervisory role of DG EMPL. The main financial corrections implemented in 2013 concerned Spain (EUR 44 million) and the Czech Republic (EUR 41 million). Implementation was realized by means of a deduction from the interim payment claims submitted by Member States.

Source: COM(2014) 510 final, Consolidated Annual Accounts of the European Union 2013