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English to German translations [PRO] Bus/Financial - Finance (general) / EU-Finanzregelungen
English term or phrase:rolling closure
Is anybody acquainted with this term? I should be grateful for any help offered.
With a view to strengthening accountability for expenditure co-financed by the Union
budget in any given financial year and to allow for rolling closure of operational
programmes, an appropriate framework should be created for the annual clearance of
Where irregularities are detected by the Commission or by the European Court of
Auditors in expenditure subject to rolling closure under Article 105 or following closure
of the operational programme under Article 107, any financial correction made by the
Commission shall reduce support from the Funds to the operational programme