Abstract
The EU budget is a tool through which money is collected and allocated for EU policies and objectives as well as for the tasks transferred to it from the national level. This article starts by presenting the concept and evolution of the EU budget. It then discusses the principles and procedures governing its adoption and implementation, presenting the key features of the expenditure and revenue sides of the EU budget. The main deficiencies of the EU budget are addressed, including the problems of correction mechanisms and net balances. Finally, the challenges faced by the EU at the outset of the negotiations about the post-2013 EU budget are outlined.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Altomonte, C., and M. Nava. 2005. Economics and politics of an enlarged Europe. Cheltenham: Edward Elgar.
Begg, I. 2005. Funding the European Union. Federal Trust Report on the European Union’s Budget, London.
Begg, I. 2007. The 2008/2009 review of the EU budget: Real or cosmetic? CESifo Forum 1/2007.
De la Fuente, A., and R. Domenech. 2001. The redistributive effects of the EU budget: An analysis and proposal for reform. Journal of Common Market Studies 39(2): 307–330.
Enderlein, H., J. Lindner, O. Calvo-Gonzales, and R. Ritter. 2005. The EU budget: How much scope for institutional reform. Frankfurt: ECB.
European Commission. 2008. EU public finances. Brussels: European Commission.
European Commission. 2011a. A budget for Europe 2020. Brussels, 29 June, COM (2011)500 final.
European Commission. 2011b. Financing the EU budget. Brussels, 29 June, SEC (2011)876 final.
Heinemann, F. 2007. Solving the common pool problem in the EU fiscal constitution. Presentation at the conference Challenges to the EU Budgetary Reform, Ljubljana, May 7.
Le Cacheux, J. 2005. European budget: The poisonous budget rebate debate. In Etudes et Recherches, vol. 41. Paris: Notre Europe.
Rant, V., and M. Mrak. 2010. The 2007–13 financial perspective: Domination of national interests. Journal of Common Market Studies 48(2): 347–372.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Mrak, M. (2018). European Union Budget. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2999
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_2999
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences