The Union’s revenue

EU Fact Sheets 10-06-2024

The EU budget is financed in large part from own resources, and supplemented by other revenue. Annual revenue must completely cover annual expenditure, as a budget deficit is not allowed. The system of own resources is decided by the Council on the basis of unanimity, having regard to the opinion of the European Parliament, and needs to be ratified by each Member State. A reform of the own resources system composed of two packages of new own resources was proposed by the Commission in 2022 and 2023.