IDEAS home Printed from https://ideas.repec.org/a/tdt/annals/vxviii-supplementy2012p372-377.html
   My bibliography  Save this article

The Expenditure And Revenue Of The Budget Of The European Union. Budgetary Consequences For Challenges With Sectoral Policies

Author

Listed:
  • GEORGE FLORIN ŢUNCU

    (”CONSTANTIN BRÂNCOVEANU” UNIVERSITY, Piteşti, Romania, Faculty of Management Marketing in Economic Affairs Rm. Vâlcea)

  • IONEL MĂNDESCU

    (“LUCIAN BLAGA” UNIVERSITY, Sibiu, Romania, Faculty of Economic Sciences)

Abstract

The expenditure of the Community budget is composed of many chapters and headings. All of these are classified in six titles/heading budget sites that make up the financial perspective for the period 2007-2013. Titles that make up the financial perspective are as follows: sustainable growth; preservation and management of natural resources; citizenship, freedom, security and Justice ; EU global partner administrative expenditure compensation. The basic rules for the system of own resources are legislated by the Council decision of 7 June 2007 adopted unanimously by the Council of the EU and ratified by all Member States. Total amount collected from its own resources needed to finance the Community budget is determined by the total level of expenditure. The maximum amount of own resources shall amount to 1.23% of EU GNI. Recent consultations on the reform of the budget showed that the stakeholders in the process are critical to the current arrangement of EU revenue.

Suggested Citation

  • George Florin Ţuncu & Ionel Măndescu, 2012. "The Expenditure And Revenue Of The Budget Of The European Union. Budgetary Consequences For Challenges With Sectoral Policies," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 372-377, November.
    • Handle: RePEc:tdt:annals:v:xviii/supplement:y:2012:p:372-377
    as

    Download full text from publisher

    File URL: http://fse.tibiscus.ro/anale/Lucrari2012_2/AnaleFSE_2012_2_058.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    budget; resource; GDP; VAT; expenditure policy;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tdt:annals:v:xviii/supplement:y:2012:p:372-377. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ramona Violeta Vasilescu (email available below). General contact details of provider: https://edirc.repec.org/data/fettiro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.