10. Detect non-compliance & mis-spending through better transparency
In times of crisis, it is ever more important for governments to ensure that financial resources are well spent and policies are duly implemented. But monitoring is a cost in itself, and a certain margin of inefficiency in resources deployment is somehow “natural”.
Yet the cost of this mismanagement is staggering: for instance, in 2010, 7.7% of all Structural Funds money was spent in error or against EU rules9. OECD estimates place the cost of corruption equals 5% of global GDP10. Thereby it would be crucially important to be able to avoid the mismanagement with anticipatory corrective actions.