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The European Union budget

Author

Listed:
  • Hrvoje Simovic

    (Faculty of Economics, Zagreb)

Abstract

This paper analyses the current budgetary system of the EU, its features and the differences in it from the budgets of nation states, particularly from the standpoint of budgetary revenue and expenditure. Below there is an analysis of the system of the redistribution of EU budgetary resources via the Structural Funds, leading to different net positions of the member states in the use of budgetary resources. The object of the system is to achieve the maximum economic and social cohesion within the EU. The article points out that processes of EU enlargement and the creation of a new “financial perspective” will lead to many problems in the fulfilment of these objectives.

Suggested Citation

  • Hrvoje Simovic, 2005. "The European Union budget," Financial Theory and Practice, Institute of Public Finance, vol. 29(3), pages 245-262.
    • Handle: RePEc:ipf:finteo:v:29:y:2005:i:3:p:245-262
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    File URL: http://www.ijf.hr/eng/FTP/2005/3/simovic.pdf
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    References listed on IDEAS

    as
    1. Torsten Persson & Gerard Roland & Guido Tabellini, "undated". "The Theory of Fiscal Federalism: What Does it Mean for Europe?," Working Papers 101, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
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    Cited by:

    1. Meral KAGITCI, 2011. "Difficulties Regarding The Absorbtion Of Structural And Cohesion Funds In Romania," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 24(4), pages 106-114, december.

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    More about this item

    Keywords

    budget; European Union; net transfers; enlargement of the EU;
    All these keywords.

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

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