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The European Union budget


Hrvoje Šimović, Faculty of Economics, Zagreb, Croatia


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.

Keywords:  budget, European Union, net transfers, enlargement of the EU

Year:  2005   |   Volume:  29   |   Issue:  3   |   Pages:  245 - 262

Full text (PDF)   |   E-mail this article   |   Download to citation manager		 March, 2005
III / 2005
DOAJ
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EBSCO Publishing
ISSN 1846-887X
e-ISSN 1845-9757
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