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Investing where it matters: An EU Budget for Long-Term Growth

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  • Ferrer, Jorge Núñez

Abstract

What share of the EU’s collective GDP should the EU budget represent? 1%? 1.05%? 0.95%? A Task Force set up by CEPS to explore this question finds that the EU member states, once again, are locked in a pointless battle. Their report argues that the amount is not decisive when it comes to EU spending, but that quality matters far more than quantity. And it is on the quality side that the most significant improvements can be made. This report warns that obsession with net balances is bound to lead to bad decisions and exhorts Europe’s decision-makers to unleash the potential of the EU budget to make a significant contribution to long-term growth. To achieve this end, the report calls for enhanced investment in innovation, infrastructure that reinforces the single market and key European public goods, such as the management of environmental resources.

Suggested Citation

  • Ferrer, Jorge Núñez, 2012. "Investing where it matters: An EU Budget for Long-Term Growth," CEPS Papers 6648, Centre for European Policy Studies.
    • Handle: RePEc:eps:cepswp:6648
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    File URL: http://www.ceps.eu/system/files/book/2012/02/An%20EU%20Budget%20for%20Long-Term%20Growth.pdf
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    Cited by:

    1. Jorge Núñez Ferrer & Jacques Le Cacheux & Giacomo Benedetto & Mathieu Saunier & Fabien Candau & Claude Emonnot & Florence Lachet-Touya & Jorgen Mortensen & Aymeric Potteau & Igor Taranic, 2016. "Study on the potential and limitations of reforming the financing of the EU budget [Perspectives et limites pour réformer le financement du budget de l’UE]," Working Papers hal-01848029, HAL.
    2. Jorge Núñez Ferrer & Jacques Le Cacheux & Giacomo Benedetto & Mathieu Saunier & Fabien Candau & Claude Emonnot & Florence Lachet-Touya & Jorgen Mortensen & Aymeric Potteau & Igor Taranic, 2016. "Study on the potential and limitations of reforming the financing of the EU budget
      [Perspectives et limites pour réformer le financement du budget de l’UE]      ," Working Papers hal-01848029, HAL.
    3. Cipriani, Gabriele, 2016. "Reforming the EU’s Budget Revenue: The case for a visible VAT-based resource," CEPS Papers 11979, Centre for European Policy Studies.

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