In October, the EESC adopted an opinion proposing a fundamental rethink of how EU finances work. It called for more transparency and citizen participation across the EU, which would enhance democracy and public trust. 

To achieve this, the EESC recommended developing a common fiscal transparency framework, involving citizens in budgeting processes, and creating digital tools for clearer budget information.

'Just imagine being able to track every euro of EU funding – from Brussels through national governments down to your local community', said the rapporteur of the opinion, Elena Calistru.

In the EESC's view, a common framework for fiscal transparency will set clear and consistent standards for all EU-funded programs and ensure uniform reporting and easy access to financial data across Member States. The focus would be on promoting best practices rather than introducing new regulations.

Participatory budgeting would allow citizens to have a direct say in public spending decisions, particularly at local level, while incorporating participatory elements into EU-level budgeting processes.

The EESC called for a unified user-friendly digital platform offering real-time budget data, clear visualisations, and insights into how EU funds are delivering results. This would increase public understanding and engagement with financial information.

The EESC also stressed the importance of raising public awareness, ensuring stronger oversight, and aligning financial practices with EU goals such as cohesion and sustainability to foster cooperation and accountability.

'EU finances are not just about numbers. They are about trust and democracy and making Europe work for its citizens', Ms Calistru concluded. (tk)