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The European Union Budget, the Balanced Budget Rule and the Development of Common European Policies

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  • Ackrill, Robert

Abstract

The European Union budget is subject to a strict annual balanced budget rule. Given different types of expenditure within the budget, this rule has most effect on – and is most threatened by – spending on the Common Agricultural Policy. This article examines the merits of applying a balanced budget rule to the EU budget and explores the links between the budget and the CAP. The rule has forced the EU to improve its financial management, as the 1999 CAP reform shows. The presence of a pre-agreed spending limit on the CAP forced changes to be made to the initial CAP reform agreement in order to comply with this limit, although political bargaining was critical in shaping particular changes. The general perception is that the CAP drives the European budget. Yet the budget, if not driving the CAP, imposes an increasingly tight constraint on its reform.

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  • Ackrill, Robert, 2000. "The European Union Budget, the Balanced Budget Rule and the Development of Common European Policies," Journal of Public Policy, Cambridge University Press, vol. 20(1), pages 1-19, April.
    • Handle: RePEc:cup:jnlpup:v:20:y:2000:i:01:p:1-19_00
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    Cited by:

    1. Nevskij, Sergei, 2013. ""British disease": the factors of the economic crisis in the UK in 1970," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 38-61, February.
    2. Pierfederico Asdrubali & Soyoung Kim, 2008. "The Economic Effects of the EU Budget: A VAR Analysis," Journal of Common Market Studies, Wiley Blackwell, vol. 46(5), pages 933-968, December.
    3. Kiryluk-Dryjska, Ewa & Baer-Nawrocka, Agnieszka, 2019. "Reforms of the Common Agricultural Policy of the EU: Expected results and their social acceptance," Journal of Policy Modeling, Elsevier, vol. 41(4), pages 607-622.
    4. Robert Ackrill & Adrian Kay & Wyn Morgan, 2008. "The Common Agricultural Policy and Its Reform: The Problem of Reconciling Budget and Trade Concerns," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 56(4), pages 393-411, December.

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