215

result(s)

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Publication type
Author
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Date

Conciliation agreement on the 2018 EU budget

24-11-2017

On 18 November, European Parliament and Council negotiators reached a provisional agreement on the 2018 EU budget. The joint text, which provides for total commitments of €160.11 billion and total payments of €144.68 billion, is expected to be adopted by the Council and then voted on by the Parliament during the November II plenary session.

On 18 November, European Parliament and Council negotiators reached a provisional agreement on the 2018 EU budget. The joint text, which provides for total commitments of €160.11 billion and total payments of €144.68 billion, is expected to be adopted by the Council and then voted on by the Parliament during the November II plenary session.

External author

Jędrzejewska, Sidonia

"Other revenue" in the European Union Budget

15-11-2017

The Treaty on the functioning of the European Union divides the revenue of the general budget into two main components: own resources and other revenue. However, the wording of the Treaty indicates that other revenue should remain marginal compared to the own resources in the financing of the EU budget. Today, there are three main categories of own resources: i) traditional own resources, ii) VAT-based resource and iii) GNI-based own resource. The own resources system also includes a specific mechanism ...

The Treaty on the functioning of the European Union divides the revenue of the general budget into two main components: own resources and other revenue. However, the wording of the Treaty indicates that other revenue should remain marginal compared to the own resources in the financing of the EU budget. Today, there are three main categories of own resources: i) traditional own resources, ii) VAT-based resource and iii) GNI-based own resource. The own resources system also includes a specific mechanism for correcting budgetary imbalances in favour of the United Kingdom (the UK correction). In addition, some Member States may choose not to participate in certain justice and home affairs policies. Their own resources payments are adjusted accordingly.

The next Multiannual Financial Framework (MFF) and the Unity of EU budget

15-11-2017

The traditional issues of European budgetary negotiations are the size of the budget, the distribution of funds and the system of own resources. Under difficult circumstances, the negotiations on the new MFF post-2020 will start in 2018 and should be concluded by the end of 2019 or no later than the beginning of 2020. The unity of the EU budget is a cornerstone of European budgetary policy. However, a complete unity of all revenue and expenditure, and all financial instruments has not yet been achieved ...

The traditional issues of European budgetary negotiations are the size of the budget, the distribution of funds and the system of own resources. Under difficult circumstances, the negotiations on the new MFF post-2020 will start in 2018 and should be concluded by the end of 2019 or no later than the beginning of 2020. The unity of the EU budget is a cornerstone of European budgetary policy. However, a complete unity of all revenue and expenditure, and all financial instruments has not yet been achieved. Today the budgetary system is characterised by differentiation, fragmentation and increased use of ‘satellite’ instruments, and debates on additional financial instruments, like a budget for the Eurozone. The question of how to integrate these instruments into the Union’s budget system and thus guaranteeing democratic scrutiny, should be an additional issue of the negotiations on the MFF post-2020.

External author

Dr. Peter Becker

The next Multiannual Financial Framework (MFF) and its Flexibility

15-11-2017

This briefing note provides some reflections on the challenges facing the next Multi-Annual Financial Framework (MFF) and discusses ways to enhance the flexibility of the EU budget. An analysis of the use of existing flexibility provisions in the current MFF is followed by some recommendations on how to enhance flexibility in the post-2020 MFF.

This briefing note provides some reflections on the challenges facing the next Multi-Annual Financial Framework (MFF) and discusses ways to enhance the flexibility of the EU budget. An analysis of the use of existing flexibility provisions in the current MFF is followed by some recommendations on how to enhance flexibility in the post-2020 MFF.

External author

Dr Eulalia Rubio

Documentation from the workshop on the financing of the European Fund for Strategic Investment (EFSI) and the link between these and other investment funds

09-11-2017

In July 2015, The European Fund for Strategic Investments (EFSI) entered into force after intensive negotiations between European Commission, Council and Parliament. In September 2016, the European Commission presented an amending Regulation to the original EFSI Regulation of 2015 (EFSI 1.0), prolonging the instrument, as well as proposing changes on the content with an aim to augment its capacity and to address certain insufficiencies. The speakers agreed that in one and a half years since its inception ...

In July 2015, The European Fund for Strategic Investments (EFSI) entered into force after intensive negotiations between European Commission, Council and Parliament. In September 2016, the European Commission presented an amending Regulation to the original EFSI Regulation of 2015 (EFSI 1.0), prolonging the instrument, as well as proposing changes on the content with an aim to augment its capacity and to address certain insufficiencies. The speakers agreed that in one and a half years since its inception EFSI has demonstrated a clear quantitative success. Nevertheless, there are certain deficiencies with regard to the way how the specific provisions of the Regulation have been interpreted and implemented on the ground. Particular attention was given to the questions of additionally, roles of the European Bank for Reconstruction and Development and National Promotional Banks, as well as transparency and visibility.

External author

Prof. Carlo SECCHI, Commission TEN-T coordinator Mr José Fernando FIGUEIREDO, Executive President of the Instituição Financeira de Desenvolvimento Mr Bernhard SAGMEISTER, Chairman of the European Association of Guarantee Institutions (AECM) Ms Katarzyna DZIAMARA-RZUCIDŁO, Managing Director, Regional Development Financing Institute, Poland Ms Zsuzsanna HARGITAI, Director, EU Funds Co-Financing & Financial Instruments at the EBRD

Parliament's reading of the 2018 EU budget

23-10-2017

During the October II plenary, the European Parliament is due to decide whether and how to amend the Council's position on the 2018 draft EU budget put forward by the European Commission. The report adopted by the Committee on Budgets reverses all the cuts proposed by the Council. Furthermore, it increases appropriations for a number of Parliament’s priority programmes linked to sustainable growth, jobs – particularly youth employment, security, and climate change.

During the October II plenary, the European Parliament is due to decide whether and how to amend the Council's position on the 2018 draft EU budget put forward by the European Commission. The report adopted by the Committee on Budgets reverses all the cuts proposed by the Council. Furthermore, it increases appropriations for a number of Parliament’s priority programmes linked to sustainable growth, jobs – particularly youth employment, security, and climate change.

Discharge for the 2015 budget – Council and European Council

23-10-2017

During the October II plenary session, the European Parliament is due to bring to a close the discharge procedure for the Council's financial accounts for the year 2015, by voting on the second report of the Committee on Budgetary Control. For several years in a row now, the Parliament has refused to grant discharge to the Council and the European Council.

During the October II plenary session, the European Parliament is due to bring to a close the discharge procedure for the Council's financial accounts for the year 2015, by voting on the second report of the Committee on Budgetary Control. For several years in a row now, the Parliament has refused to grant discharge to the Council and the European Council.

Assigned Revenue in Budget of the European Parliament

16-10-2017

While assigned revenue is effectively an exception to the principle of universality, it also takes account of the specific nature of such revenue and makes it possible to use it for its natural purpose. In certain cases, such as insurance payments serving to provide compensation for damages or to correct errors, the principle of universality is not applicable, or only with great difficulty. Moreover, assigned revenue is not always ‘true revenue’. In the two examples above, which in fact concern ...

While assigned revenue is effectively an exception to the principle of universality, it also takes account of the specific nature of such revenue and makes it possible to use it for its natural purpose. In certain cases, such as insurance payments serving to provide compensation for damages or to correct errors, the principle of universality is not applicable, or only with great difficulty. Moreover, assigned revenue is not always ‘true revenue’. In the two examples above, which in fact concern compensation for damage or correction of errors, pooling them according to the principle of budgetary universality would not make sense.

The next Multiannual Financial Framework (MFF) and its duration

16-10-2017

The study focuses on the characteristic features of the MFF and on how to implement the EU budget more effectively in the future. The analysis concentrates on 3 possible options in connection with the duration of the next MFF. The main advantages and disadvantages of 5-year, 7-year and 10(5+5)-year scenarios are examined from the point of view of predictability (stability) and responsiveness (flexibility), and, in addition, from the perspective of political cycles and implementation time tables.

The study focuses on the characteristic features of the MFF and on how to implement the EU budget more effectively in the future. The analysis concentrates on 3 possible options in connection with the duration of the next MFF. The main advantages and disadvantages of 5-year, 7-year and 10(5+5)-year scenarios are examined from the point of view of predictability (stability) and responsiveness (flexibility), and, in addition, from the perspective of political cycles and implementation time tables.

External author

Dr. Ákos Kengyel

The next Multiannual Financial Framework (MFF), its Structure and the Own Resources

16-10-2017

The EU budget is facing numerous long-term challenges, which are not adequately addressed, neither on the expenditure nor on the revenue side. Regardless of the future EU integration scenario, a fundamental overhaul of the MFF is required. EU expenditure should provide more European added value. Tax-based own resources partially replacing current own resources have the potential to reduce sustainability gaps within Member States’ tax regimes as well as to alleviate the juste retour problem.

The EU budget is facing numerous long-term challenges, which are not adequately addressed, neither on the expenditure nor on the revenue side. Regardless of the future EU integration scenario, a fundamental overhaul of the MFF is required. EU expenditure should provide more European added value. Tax-based own resources partially replacing current own resources have the potential to reduce sustainability gaps within Member States’ tax regimes as well as to alleviate the juste retour problem.

External author

Ms Margit Schratzenstaller

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