In the current negotiations about the European Union’s next medium-term Multiannual Financial Framework (MFF) for the period 2021 to 2027, the system of own resources financing EU expenditures plays a relatively important role.

The 1992 EC budgetary procedure and its outcome illustrated two things. Firstly, after the relative calm of the past few years, the budget is moving back up the political agenda in the Community. Secondly, it is becoming clearer which issues will figure most prominently in the debate on the...

In a speech to the European Parliament on 18th February 1987 the Commission President Delors publicly announced the Commission's proposals for a fundamental reorganization of the system of financing the Community and of Community budgetary policy. What is the background of these proposals? How...

Those economists who expected the increasing US budget deficits in recent years to have a negative impact on private investment spending have so far been proved wrong. Hans-Peter Fröhlich provides an analysis of what has happened and examines the interrelation between public sector deficits and...

The EC's budgetary problems are coming to a head. For 1983 virtually all the Community's resources have been utilized, and there are growing fears that the Community will soon have to declare itself bankrupt unless changes are made to current policy. What should be done to secure the financing...

The Budget of the European Communities has recently moved from the political periphery to the centre of the stage. The European Parliament and the Council of Ministers could not agree on the 1980 Budget, the main issue being its domination by the expenditures on agriculture. Moreover, a...

The continuing dispute concerning the distribution of EC budgetary contributions among the member states, felt to be unjust particularly by Britaln, has been marring the Community's public image for some time now. How is this distribution effected and what possibilities are there for readjustment?