budgetary implementation
budgetary implementation
budgetary implementation
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
ANNEX 5: HISTORIC ANALYSIS OF MEMBER STATES PAYMENT FORECASTS<br />
Table 1 gives an overview of the aggregate results of the forecasting exercise since 2001 thus<br />
showing the evolution of the forecasting performance over time.<br />
Up to 2011 the forecast error was expressed as a percentage of payment execution while from<br />
2012 onwards, following the change in methodology due to the lack of payment<br />
appropriations (see Chapter 2.5), the forecast error will be expressed as a percentage of claims<br />
submitted.<br />
Thus, in 2012 the total relative forecast error for the 2007-2013 programmes is 15%. This<br />
means that for every EUR 100 of payments claims actually submitted in 2012, the Member<br />
States had forecasted they would claim EUR 115. In absolute terms, the error was EUR 7.8<br />
billion.<br />
- 49 -