selection

EU own resources

This tag is associated with 6 posts

Plenary round-up – Strasbourg, March 2018

Highlights of the session included: a debate on the future of Europe with Portuguese Prime Minister, Antonio Costa; preparation of the European Council meeting on 22 and 23 March; debates on the appointment of the European Commission Secretary-General; on the US decision to impose tariffs on steel and aluminium; on corporate social responsibility; on conflict minerals; and protection of investigative journalists following the deaths of Jan Kuciak and Martina Kusnirova in Slovakia. High Representative Federica Mogherini made statements on Syria, EU-Cuba Joint Council, and EU-Central Asia relations, followed by debates. Parliament adopted, inter alia, its reports on the post-2020 future multi-annual financial framework and own-resource reform; common (consolidated) corporate tax; and regulation of cross-border parcel delivery; training of professional drivers; and Europass. Continue reading

‘Monti’ Group’s first assessment of EU own resources

Written by Alessandro D’Alfonso The ‘own resources’ system, which ensures the financing of EU policies, has advantages such as reliability in providing the necessary resources, but has also attracted a number of criticisms, not least for its complexity and lack of real financial autonomy. The European Parliament (EP), which has little say in the design … Continue reading

Annual revision of national contributions to the EU budget

Written by Alessandro D’Alfonso The annual adjustment of the financing of the EU budget is now in the spotlight. In 2013, around three quarters of the total revenue (€149.5 billion) came from a resource linked to the gross national income (GNI) of EU countries. A resource based on value added tax (VAT) provides another 10% … Continue reading

How the EU budget is financed – The “own resources” system and the debate on its reform

The system of “own resources” ensures the EU is able to finance its policies. In 2012, total EU revenue amounted to €139.5 billion. Successive reforms have determined the system’s current configuration, which relies on three key streams of revenue: traditional own resources (mainly customs duties); a resource based on value added tax (VAT); and a resource related to Member … Continue reading

The EU Own Resources

Article 311 TFEU stipulates that the EU budget should be financed wholly with own EU resources. These resources can be defined as revenue streams directly assigned to the EU without the need for any additional decision from the Member States. In practice however, the major part of EU revenues consists of contributions by the Member … Continue reading

Own resources of the European Union

6 language versions available in PDF format Eigenmittel der Europäischen Union Los recursos propios de la Unión Europea Ressources propres de l’Union européenne Le Risorse proprie dell’Unione europea Zasoby własne Unii Europejskiej Own resources of the European Union The “own resources system” ensures the financing of EU’s policies. While the European Council of February 2013 … Continue reading

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