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EU budget reform in the context of the current economic crisis

Author

Listed:
  • Ionela POPA

    (“Constantin Brâncoveanu” University of Piteşti)

  • Denisa PARPANDEL

    (“Constantin Brâncoveanu” University of Piteşti)

  • Diana CODREANU

    (“Constantin Brâncoveanu” University of Piteşti)

Abstract

The European Union regarded as an economic reenhancement force in Europe and in the world must fund the needs of 500 million citizens. To do that, it should possess an innovative budget adjusted to the new facts of globalization meant to meet present challenges and create various opportunities for the future. In order to improve budgetary procedures, the need to reform the community bugdet has emerged, namely to change the way it is designed and spent. The manner of setting and distributing the community budget has been changed several times whenever the context in member states has demanded. Thus, European institutions concluded in 1988 interinstitutional agreements which have been covering budgetary process and budget allocation ever since. Agreements are concluded for several years and bear the name of “financial prospects”. Other two agreements have been made (during 2007-2013 and, respectively, 2014- 2020) in compliance with Delors I and Delors II Packages. The present paper focuses on approaching the progress of budgetary indicators in the context of the multiannual financial framework where the European Union budget is set.

Suggested Citation

  • Ionela POPA & Denisa PARPANDEL & Diana CODREANU, 2012. "EU budget reform in the context of the current economic crisis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(10(575)), pages 131-142, October.
    • Handle: RePEc:agr:journl:v:10(575):y:2012:i:10(575):p:131-142
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    Citations

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    Cited by:

    1. Chirculescu Maria Felicia, 2015. "Theoretical Approaches On European Union Budget Reform," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 422-426, December.
    2. Florin ŞUHAN, 2019. "Study On Defense Expenditure And Its Financing," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6, pages 256-268.
    3. Cornelia Elena Tureac & Georgeta Dragomir, 2014. "The Analysis of the Evolution of Tax Revenues in EU Member States during 2009-2013," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 10(5), pages 113-123, October.
    4. Chirculescu Maria Felicia, 2015. "Theoretical Approaches On European Union Budget Reform," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 422-426, December.

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