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Open Spending EU Coalition

OSEUC

We are a collaboration of non-government organisations and professionals working to ensure that government spending is done fairly, openly, efficiently, and creates the best value for money and best outcomes for Europe.

Lobbying Activity

Response to EU rules on fighting against corruption

17 Feb 2023

Open Spending EU Coalition, a European Network of NGOs, journalists and scholars focusing on transparency in public spending, input on the call for evidence - Fighting against corruption in the EU updated rules. Financial transparency is essential to the fight against corruption, as it plays a crucial role in preventing corrupt practices. Studies on corruption have shown that financial oversight on public spending is lacking and that opening it up to the public can increase accountability. The public has a right to know how their tax money is being spent. This information should be made available in a transparent and accessible manner. Only then can we hold those in power accountable for their actions. When financial transactions are conducted behind closed doors, it becomes much easier for individuals and organizations to engage in corrupt activities without detection. This is why transparency must be essential to any effective anti-corruption strategy. While the adoption of international treaties and their transposition into EU law can be a positive step toward promoting financial transparency, it is not sufficient on its own. In order to truly make a difference, transparency must be deeply ingrained in the fight against corruption. This requires a rethinking of laws and procedures in a way that includes transparency on spending and other financial activities. The need for oversight is particularly important in the public sector, where taxpayers' money is being used. Openness in procurement and public spending can improve the way states operate in multiple ways, including more integrity, efficiency, level playing field, etc. Find a list of available evidence and recommendations in the attachment.
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