Open AccessThe Financing of the European Union Budget
Author(s) -
Herman MATTHIJS
Publication year - 2022
Publication title -
review of european studies
Language(s) - English
Resource type - Journals
eISSN - 1918-7181
pISSN - 1918-7173
DOI - 10.5539/res.v14n2p13
Subject(s) - subject (documents) , argument (complex analysis) , politics , member states , european union , political science , economics , political economy , economic policy , law , biochemistry , chemistry , library science , computer science
The European Union (E.U.) has a specific system of financing its institutions. The system has been the subject of political discussion since the beginning in 1970 and the recent modification in 2020. This system has come under increasing pressure as a result of the growth of the number of member states and growing economic disparity between the Northern versus Southern and Western versus Eastern member states of the Union. The question of whether to rely on its own sources of finance or on contributions from its members is the subject of a separate political argument.