The Union’s revenue

01-02-2018

The EU budget is financed mainly (99%) from own resources. Annual revenue must completely cover annual expenditure. Budget revenue is determined by the Council after consultation of the European Parliament. The decision on the system of own resources needs to be ratified by the Member States.

The EU budget is financed mainly (99%) from own resources. Annual revenue must completely cover annual expenditure. Budget revenue is determined by the Council after consultation of the European Parliament. The decision on the system of own resources needs to be ratified by the Member States.