selection

own resources

This tag is associated with 4 posts

Economic and Budgetary Outlook for the European Union 2021

Growth in gross domestic product (GDP) in Europe collapsed in 2020 as a result of the economic crisis caused by the coronavirus pandemic. Continue reading

Parliament’s consent to the 2021-2027 MFF

During the December part-session, Parliament is due to vote on giving consent to the Council Regulation that establishes the EU’s next multiannual financial framework (MFF). Parliament consent requires a majority of its component Members (353 votes). Continue reading

Negotiations on the next MFF and the EU recovery instrument: Key issues ahead of the July European Council

The current multiannual financial framework (MFF), also known as the EU’s long-term budget, comes to an end this year. Continue reading

Own resources of the European Union: Reforming the EU’s financing system [EU Legislation in Progress]

The EU budget is financed by the system of own resources and cannot run a deficit. The current system provides sufficient revenue to cover EU expenditure, but has often been criticised as opaque and unfair. Continue reading

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