{
  "url": "https://openlegislation.uk/eu-decision-2016-1353/article-11",
  "json_url": "https://openlegislation.uk/eu-decision-2016-1353/article-11.json",
  "legislation": "eudn/2016/1353",
  "legislation_title": "Council Decision (EU) 2016/1353 of 4 August 2016 concerning the financial rules of the European Defence Agency and repealing Decision 2007/643/CFSP",
  "legislation_url": "https://openlegislation.uk/eu-decision-2016-1353",
  "path": "article/11",
  "kind": "article",
  "number": "11",
  "heading": "Principle of sound financial management",
  "text": "1. Appropriations shall be used in accordance with the principle of sound financial management, namely in accordance with the principles of economy, efficiency and effectiveness.\n2. The principle of economy requires that the resources used by the Agency in the pursuit of its activities are made available in due time, in appropriate quantity and quality and at the best price.\nThe principle of efficiency concerns the best relationship between resources employed and results achieved.\nThe principle of effectiveness concerns the attainment of the specific objectives set and the achievement of the intended results.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2016/1353/article/11",
    "retrieved_at": "2026-11-01T15:13:51.512600+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}