Approval of budget management for European joint undertakings in 2023

The European Parliament has recently approved the budget management of two joint undertakings for the 2023 financial year. The decision concerns "Clean Aviation" and "A Europe Based on Circular Bioeconomy", two public-private partnerships funded by EU funds. This approval came after rigorous verification of the accounts by the European Court of Auditors.

Context and objectives

The budget discharge procedure is a legal requirement established by the Treaty on the Functioning of the European Union. The objective is to ensure transparency and accountability in the management of public funds. Joint undertakings are partnerships between the European Commission and private industry to develop innovative technologies.

Key measures

• Approval of budget execution for the "Clean Aviation" joint undertaking
• Official closure of accounts for the 2023 financial year
• Transmission of the decision to all involved institutions
• Publication in the Official Journal of the European Union
• Presentation of Parliament's observations in a separate resolution

Timeline and implementation

The decision was adopted in February 2025 and enters into force immediately after publication. The President of the European Parliament is tasked with transmitting the documents to the executive directors of the joint undertakings, the Council, the Commission and the Court of Auditors. Control continues for future financial years.

Impact for citizens and stakeholders

This decision ensures citizens that European funds are managed appropriately. For the joint undertakings, it means the continuation of research and innovation activities. The aviation industry and bioeconomy benefit from the financial stability needed for long-term projects.