The verifications shall ensure that the expenditure declared is real and justified for the purpose of the project, that the projects granted have been delivered in accordance with the grant agreements, that the Community contribution complies with the rules, in particular regarding the financing structure defined in Article 14 of the basic act, that the applications for reimbursement by the final beneficiary are correct and that the projects and expenditure comply with Community and national rules, and avoid double-financing of expenditure with other Community or national schemes and with other programming periods.

General macroeconomic performance is not a direct concern of this chapter, though it underlies recent trends in overall public expenditure and revenue in Member States as well as changes in the composition of public spending.

Changes in the composition of government expenditure

All of this spending also has implications, as shown below, for the effective distribution of public expenditure between regions, since the amount spent in any region tends largely to be determined by the number of people living there, their age structure and their need for social support.

In addition to sound macroeconomic policies and comprehensive structural reforms conducive to growth, higher employment and balanced public finances, the structure of public expenditure needs to be reassessed in order to ensure future growth and a generational balance in the distribution of public expenditure.

In addition to sound macroeconomic policies and comprehensive structural reforms conducive to growth, higher employment and balanced public finances, the structure of public expenditure needs to be reassessed in order to ensure future growth and a generational balance in the distribution of public expenditure.