The next revision of the financial regulation and the EU budget galaxy

13-09-2022 - 12:17 BUDG
Graphic illustration of machine Graphic illustration of machine
The next revision of the financial regulation © Image used under license of Adobe Stock

During the last two decades, the EU’s public finances have seen the introduction of new financing mechanisms in response to a variety of political and economic developments. As a result, the ‘galaxy’ of financing instruments has become more complex. This study analyses the impacts on the EU governance and the ability of the European Parliament to fulfill its duties and considers that reforms are needed to ensure the EU budget and financial rules reflect the realities the EU faces.