EU public finance, including the EU budget and other financial mechanisms, supports policies that are designed to yield European public goods, with benefits that go beyond the national borders of individual EU countries. During the 2014-2019 parliamentary term, EU lawmakers have updated the financial rules governing the use of EU funds, created a European Public Prosecutor's Office to help address the roughly 0.35 % of the EU budget at risk of fraud, carried out a mid-term revision of the multiannual financial framework (MFF), developed proposals for new sources of revenue in time for negotiations on the post-2020 MFF, and introduced new policies in the field of financial engineering.
https://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2019)635545
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