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Diagnose-Analysis Regarding the Balance at the European Union Budget Level on the Two Components (Incomes – Own Resources and Expenses): Proposals for Reform

Author

Listed:
  • Þuncu George Florin

    (“Constantin Brâncoveanu” University from Piteºti, Faculty of Management Marketing in Economic Affairs,)

  • Mãndescu Ionel

    (“Lucian Blaga” University from Sibiu, Faculty of Economic Sciences)

Abstract

Experts believe that is being wasted so many resources, allocating budgetary policy that does not provide a sufficiently clearly identifiable European added value. In addition, the Community budget has often been criticized for lack of transparency. The General rules concerning the distribution of resources and financial contributions from Member States are often altered by ad hoc derogations which causes a high degree of complexity. To counter these deficiencies, in 2005 within the framework of the European Council of December in Brussels, it was decided to launch the process of the reform of public finances at the EU level, exercise is also known as the budgetary review process. At the same time, the review of the budget was part of the compromise achieved on the new financial perspective 2007-2013.

Suggested Citation

  • Þuncu George Florin & Mãndescu Ionel, 2012. "Diagnose-Analysis Regarding the Balance at the European Union Budget Level on the Two Components (Incomes – Own Resources and Expenses): Proposals for Reform," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1394-1397, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:1394-1397
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    More about this item

    Keywords

    EU budget; incomes; expenses; GNI resource;
    All these keywords.

    JEL classification:

    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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