THE DEBATE ABOUT THE FINANCING SYSTEM OF EU

The rigidity of the European Budget comes from the political consensus required for the modification of the revenue system and, also, from the strict discipline imposed on the expenditure mechanism. The budget debate is limited by the problem of national balances and by the plurianual budgetary agreements, which perpetuate the current situations and avoid an improvement of the European Budgetary System. The European Parliament and the EU Council disagree about the adaptation or the deep reform of the incipient European Public Finance. Moreover, the citizens remain separated from the common budget. Despite the small size of the EU budget, their financial mecanisms are crucial for the ambitious challenges of the European integration. The qualitative and quantitative improvement of the revenue system and the general reform of the Public Finance of Europe are important targets for the future. In this situation, the political will is fundamental to overcome the technical restrictions which limit the potencial development of the European budget.

Journal: 
6
Authors: 
José Antonio Nieto Solís
Attached file: 
Sección: 
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