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A smaller union, a larger budget per member state

Author

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  • Maria Nica

    (The Bucharest University of Economic Studies, Romania)

  • Ionut Laurentiu Petre

    (The Bucharest University of Economic Studies, Romania)

Abstract

This article aims to determine one of the many effects that can occur at EU level, but especially at the level of the member states by withdrawing the United Kingdom. This effect is the first and easiest to anticipate, namely the effect on the EU budget, directly and indirectly on the budget of each state. With the UK withdrawal, the EU budget will fall. During this time, the new form of the Common Agricultural Policy (2021-2027) is not established. Thus, together with the assumption that each Member State will want at least to maintain the same budget in the future CAP, the withdrawal of the UK will increase the contribution of each Member State to supporting the new CAP budget. To determine this increase for each Member State, the budgets of each of the two CAP pillars will be analyzed in the current programming period and the additional contribution of each State will be determined to equal the CAP budget in the future without UK support.

Suggested Citation

  • Maria Nica & Ionut Laurentiu Petre, 2018. "A smaller union, a larger budget per member state," International Conference on Competitiveness of Agro-food and Environmental Economy Proceedings, The Bucharest University of Economic Studies, vol. 7, pages 240-248.
    • Handle: RePEc:aes:icafee:v:7:y:2018:p:240-248
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    References listed on IDEAS

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    Keywords

    European Union; Brexit; CAP; Budget;
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