IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

The European Union Budget

  • Lorca-Susino, Maria

The first EU budget was drafted in 1988 under the so-called “Delors Package I.” Its budgetary headings and monetary distribution have remained unchanged until 14th July 2004, when the Commission adjusted its traditional model to a new system of headings to adapt the budget to an evolutionary economical environment. The budget of the European Union distinguishes itself from other international bodies by its exclusive system of the so-called “own resources.” This system is composed of the revenues obtained by (1) the Common Customs duties collected under the external tariff; (2) the levies in imported agricultural products; (3) the Value Added Tax revenue; and (4) the Gross National Income based resources. The EU budget sets out and authorizes the total amount of revenues and expenditures annually deemed necessary by the European Community and the European Atomic Energy Community. However, the EU budget is a seven-year multi-annual spending plan articulated around a ¨financial framework¨ that ensures the control of the evolution of the budget expenditure. The budget is drafted and implemented under the ¨Financial Programming and Budget¨ Directorate General and is supervised by the European Parliament and the Court of Auditors. The EU budget not only rests on the three basic accounting principles: unity, annuality and balance, which guarantee its economic efficiency, but also on the composition of its revenues, the so-called “own resources.”

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://mpra.ub.uni-muenchen.de/7177/1/MPRA_paper_7177.pdf
File Function: original version
Download Restriction: no

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 7177.

as
in new window

Length:
Date of creation: Dec 2005
Date of revision:
Handle: RePEc:pra:mprapa:7177
Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany
Phone: +49-(0)89-2180-2219
Fax: +49-(0)89-2180-3900
Web page: http://mpra.ub.uni-muenchen.de

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:7177. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.