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Glossary

Review of the Financial Regulation

In 2009 the EC started a comprehensive review of its financial regulation and implementation rules - the stringent code which governs all grants and contracts awarded worldwide. The review of the budget and financial regulation are two parallel but distinct processes, although the General Directorate for Financial Programming and Budget (DG Budget) leads both of them.    

Review of the financial regulation (external site)

DG Budget (BUDG)

The task of the Directorate-General for Budget is to secure from the budgetary authority - the European Parliament and the Council of Ministers - the resources needed to implement the Union's policies, to encourage sound management of Community funds and to account for the use of appropriations.

Source: DG Budget website (external site)

DG Education and Culture (EAC)

EU actions in education and training aim to improve the quality of learning systems and provide greater opportunities for people at all stages of their lives. The European Commission focuses on two aspects: firstly, co-operation with national authorities and European stakeholders on improving policies and exchanging good practice, and secondly the development and administration of funding programmes.

Source: DG Education and Culture website (external site)