EU-Budget

EU-Budget

 ©Fotolia

The budget is a central policy instrument of the EU. In light of growing challenges, the EU budget needs to be thoroughly modernised.

The decisive lever for more transparency and fairness in the financing mechanism should be sought above all in a comprehensive reform on the expenditure side. Areas ripe for reform are structural policy and in particular agricultural policy.

European Commission, European Parliament and Council have rightly agreed to hold a far-reaching debate on reform of the EU budget. The essential aim for a modern EU budget continues to be that principles for revenues and expenditures as well as targeted resource allocation must be enshrined in the EU financial perspectives for 2014 and subsequent years.

• The current budget volume is appropriate. An increase in the budget to more than 1 % of EU gross national income is not necessary.
• The EU budget should be oriented towards adding perceptible value in terms of growth, employment and competitiveness via a restructuring and concentration of resources. Research/development/innovation and education/training should receive particular attention.
• Efficiency reserves in structural policy should be used to the full.
• A transparent and simple correction mechanism should ensure that no EU member state has to make disproportionate net contributions.
• Introduction of a European tax is unnecessary.

News

Eurozone

750 billion euro European Stabilization Mechanism

 05/18/2010

The EU has agreed to commit 750 billion euro to a European Stabilisation Mechanism to bail-out eurozone member countries.

more

Dialogcenter