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EU budget in comparison with the US federal budget: the discussion about the possible EU budget form in the context of strengthening its importance
[Rozpočet EU v analogii s federálním rozpočtem USA: diskuze o možných podobách rozpočtu Evropské unie v kontextu posílení jeho významu]

Author

Listed:
  • Eliška Straková

Abstract

The EU budget realizes integration proces of the EU. In context of the public finance in the European Union has EU budget very specific position. Due to its functions, expenditures and revenues structure is not discussed in the context of public finance or not even in the context of possible creation of fiscal union. The aim of this paper is with analogy to the US federal budget to evaluate the future EU budget form in the context of strengthening its role and importance. The first part describes the fiscal federalism theory. The second part uses analogy and comparison methods to evaluate EU budget and US federal budget from the budget functions point of view, revenue and expenditure budget structure. The last part sums up the possible future EU budget forms with their probability of implementation and also identifies the main problems causing the weak position of EU budget. It seems that the implementation of new own revenue resources can be very important for strengthening EU budget role.

Suggested Citation

  • Eliška Straková, 2016. "EU budget in comparison with the US federal budget: the discussion about the possible EU budget form in the context of strengthening its importance [Rozpočet EU v analogii s federálním rozpočtem US," Současná Evropa, Prague University of Economics and Business, vol. 2016(1), pages 61-87.
    • Handle: RePEc:prg:jnlsev:v:2016:y:2016:i:1:id:132:p:61-87
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    References listed on IDEAS

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    1. Wallace E. Oates & Wallace E. Oates, 2004. "An Essay on Fiscal Federalism," Chapters, in: Environmental Policy and Fiscal Federalism, chapter 22, pages 384-414, Edward Elgar Publishing.
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