European Commission 16 June 2026, REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE COURT OF AUDITORS Annual Management and Performance Report for the EU Budget – 2025 financial year

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The European Commission's Annual Management and Performance Report for the EU Budget – 2025 Financial Year (COM(2026) 824 final) constitutes the Commission's principal accountability instrument for the annual discharge procedure under Article 318 TFEU and Article 253 of the Financial Regulation (Regulation (EU, Euratom) 2024/2509), reporting on the implementation of EUR 206.5 billion in commitment appropriations across all multiannual financial framework headings. The report confirms that, for compliance-based expenditure, the estimated risk at closure remained below the 2% materiality threshold for all headings, with 32 reservations issued by authorising officers by delegation carrying a combined financial impact of EUR 867 million (0.5% of total expenditure) under the EU budget and EUR 343 million (0.8%) under the Recovery and Resilience Facility. The Internal Auditor concluded that the Commission's governance, risk management, and internal control procedures, taken as a whole, provide reasonable assurance over the achievement of its financial objectives, qualified only by the areas subject to those reservations.AI