Politics · Greece

Audit reveals deficits and incorrect payments in Agricultural Products Guarantee Fund for 2023

4 sourcesFirst reported 3 days agoUpdated 3 days ago

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The Court of Audit has identified deficits and improper payments in the special fund for agricultural product guarantees (ELGEPP) for the year 2023.
The audit revealed major weaknesses in the internal controls and payment procedures of the fund, which was formerly managed by the OPEKEPE agency.
In response to the findings, the Court will initiate a process to recover the identified financial discrepancies from responsible parties.
An official report detailing the audit findings has been produced and made public.
These issues stem from a review conducted as part of regular oversight for subsidy payments for the specific financial year.

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The Court of Audit has released an audit report revealing significant weaknesses in the internal controls and payment procedures of the special fund known as ΕΛΕΓΕΠ (Special Fund for Agricultural Product Guarantees) for the fiscal year 2023. The report highlights the existence of financial deficits and erroneous payments, prompting the Court to initiate procedures to recover the identified funds from the responsible parties.

The findings are part of a comprehensive review conducted by the Court, which underscores the need for improved oversight and accountability within the agency formerly known as OPEKEPE, responsible for farm subsidy payments. The audit seeks to address the financial discrepancies and ensure proper management of future subsidy disbursements to prevent similar issues.

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Audit reveals deficits and incorrect payments in Agricultural Products Guarantee Fund for 2023

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