EU own resources system
E889769
The EU own resources system is the mechanism through which the European Union is financed, drawing revenue from member states and other sources to fund its budget and long-term policies.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
European Union budgetary mechanism
ⓘ
public finance system ⓘ |
| appliesToJurisdiction | European Union NERFINISHED ⓘ |
| hasCeilingOn | total own resources as a percentage of EU gross national income ⓘ |
| hasCharacteristic |
aims to ensure fairness between member states
ⓘ
aims to reflect member states’ relative prosperity ⓘ based on the principle of budgetary balance ⓘ must be sufficient to cover all EU payment appropriations within the ceiling ⓘ prohibits the EU from running budget deficits ⓘ seeks to reduce excessive reliance on national GNI-based contributions ⓘ |
| hasComponent |
GNI-based own resource
ⓘ
VAT-based own resource ⓘ new own resources ⓘ traditional own resources ⓘ |
| hasLegalBasis |
Council Decision on the system of own resources of the European Union
NERFINISHED
ⓘ
Treaty on the Functioning of the European Union NERFINISHED ⓘ |
| hasPurpose |
to ensure stable and predictable revenue for EU policies
ⓘ
to finance the European Union budget ⓘ to fund the EU multiannual financial framework ⓘ |
| hasReform | 2020 reform linked to NextGenerationEU ⓘ |
| includesRevenueFrom |
EU fines and penalties
ⓘ
EU staff contributions ⓘ customs duties ⓘ future potential own resources linked to a share of reallocated profits under OECD Pillar One ⓘ future potential own resources linked to the Carbon Border Adjustment Mechanism ⓘ future potential own resources linked to the EU Emissions Trading System ⓘ member state contributions based on gross national income ⓘ member state contributions based on harmonised value added tax ⓘ national contributions and other revenues ⓘ new own resource based on non-recycled plastic packaging waste ⓘ sugar levies ⓘ surpluses from previous EU budgets ⓘ |
| isDecidedBy | Council of the European Union NERFINISHED ⓘ |
| isManagedBy | European Commission NERFINISHED ⓘ |
| isSubjectTo | EU budgetary control and audit ⓘ |
| isSubjectToOversightBy |
European Court of Auditors
NERFINISHED
ⓘ
European Parliament Committee on Budgets NERFINISHED ⓘ |
| operatesUnderPrinciple | own resources are made available automatically to the EU ⓘ |
| partOf | European Union budget ⓘ |
| requiresApprovalBy | European Parliament NERFINISHED ⓘ |
| requiresImplementationBy | national customs and tax authorities ⓘ |
| requiresRatificationBy | all EU member states ⓘ |
| supports |
Common Agricultural Policy
NERFINISHED
ⓘ
EU climate and environmental policies ⓘ EU cohesion policy ⓘ EU external action and development policies ⓘ EU research and innovation programmes NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.