Frequently Asked Questions about the Annual Report

What does the 3.7% estimated error rate mean?

The ECA’s estimated error rate for payments from the 2010 EU budget as a whole was 3.7%. The error rate is not an estimate of fraud, but reflects the ECA’s estimation of the degree of non-compliance with the rules governing the spending, such as breaches of public procurement rules, ineligible or incorrect calculation of costs claimed to the EU co-financed projects, or over-declaration of land by farmers.