Policy Paper 38
Options for an EU Financing Reform
This paper presents a reflection on the future of the EU budget, with a particular focus on EU financing. The debate on a reform of the EU financing system encompasses two main dimensions: on the one hand, the structure of EU financing and, in particular, whether the Union should be financed via “genuine own resources” or not; on the other hand, the correction mechanisms and the way to either eliminate or adapt them. These dimensions are analysed in depth in the paper. This allows presenting three main medium- to long-term scenarios for a financing reform.
The analysis first recalls that dissatisfaction with EU financing is widespread. Criticism covers a wide range of issues, including the extreme complexity and opacity of the system and the limited accountability it entails; the perceived lack of fairness of existing correction mechanisms and their impact on the “poisonous” debate on net balances; and the absence of a political link between most EU own resources and EU policy objectives. This justifies a reform of the EU financing system.
SUR LE MÊME THÈME
ON THE SAME THEME
PUBLICATIONS
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