Expected revenues

The Commission updated the proposals for new own resources on 20 June 2023, proposing a new, temporary statistical own resource based on company profits. This could generate an estimated €16 billion annually as from 2024. It would, in future, be replaced by a possible contribution from the Business in Europe: Framework for Income Taxation (BEFIT) proposal, which is still under discussion. Furthermore, the Commission amended the previous proposals. For the ETS own resource, it proposed increasing the call rate from 25 % to 30 % from all revenues generated by EU emissions trading. This would bring the expected revenue for the EU budget to around €7 billion a year from 2024, and to around €19 billion from 2028. For the CBAM, the Commission proposed aligning its original proposal for an own resource with the adopted text. The CBAM would generate an estimated €1.5 billion annually on average from 2028. The proposed new revenues would thus provide €36.5 billion in total – 25 % on top of the current own resources (see Figure 4).