The European Economic and Social Committee (EESC) is currently drawing up an own initiative opinion on "Promoting innovative and high growth firms". In order to gain further insights the EESC is organising a public hearing on 7 July 2016 at the University of Santiago de Compostela, Spain, with the objective to contribute to map Europe's challenges and opportunities in this area and to create an environment supportive of creating innovative and high growth firms. The hearing will help formulating recommendations for policy makers on measures and actions needed to address the situation.
In times of limited fiscal space it is ever more important to effectively use the EU budget to contribute to achieving the policy goals of the European Union, in particular as regards growth and job creation. We need to emphasise budgetary performance more strongly than in the past. For this to happen the nature and the scope of the expenditure is crucial. Moreover, better results can be assured by consequent application of a control framework and performance-based budgeting, using a comprehensive set of performance indicators.A performance-oriented culture is, however, not acquired in a single step, but through a process of development.
To drive forward this process the EESC is organising a public hearing on "A performance-based EU budget and its focus on real results: The key to sound financial management", was held at the EESC's premises on Wednesday, 29 June 2016, starting at 2.30 p.m