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An Equitable Budget for the European Community?

In: Protection, Cooperation, Integration and Development

Author

Listed:
  • Ali M. El-Agraa

Abstract

The General Budget of the European Communities (EC) forms an integral and very important part of the Community’s fiscal policy. Very widely interpreted, fiscal policy comprises a whole corpus of public finance issues: the relative size of the public sector, taxation and expenditure, and the allocation of public sector responsibilities between different tiers of government. In short, there are at least two basic elements to fiscal policy: the instruments available to the government for fiscal policy purposes (the total tax structure) and the overall impact of the joint manoeuvring of the instruments (the role played by the budget). The purpose of this chapter is to explain briefly the nature of the EC General Budget (EC Budget hereafter), to demonstrate why it is inequitable and to suggest ways in which it could be made less so. It should be apparent that the choice of subject is due to its importance not only for the EC but also for other schemes of international economic integration contemplating the establishment of a grouping as complicated as the EC.

Suggested Citation

  • Ali M. El-Agraa, 1987. "An Equitable Budget for the European Community?," Palgrave Macmillan Books, in: Ali M. El-Agraa (ed.), Protection, Cooperation, Integration and Development, chapter 12, pages 174-189, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-09370-0_12
    DOI: 10.1007/978-1-349-09370-0_12
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