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- W1480452130 abstract "The EU budget needs to be radically reformed if it is to reflect the priorities of an expanding and deepening Union. Over 40% of EU spending is dedicated to support for agriculture, a declining sector; spending for research and innovation, the main driver of productivity growth, is too small; and there is no room in the budget for the new public goods of internal and external security that public opinion demands. Reform is impossible, however, as long as the budget is determined by an inter-governmental negotiation in which no party defends the over-arching European interest. Each member country only cares about its own ‘net balance’. Radical changes are needed both in the content of the budget – its revenues and spending programmes – and in the decision-making procedures to endow the Union with an effective instrument to foster its policy goals. The latter is a precondition for the former. Only with a new procedure, one in which European interests dominate, can the Union obtain a better budget. The European Parliament, which represents European citizens directly, must be given the main say concerning the structure of the budget, whereas the Council should provide appropriate safeguards against excessive spending. Movement in this direction can start immediately, even within the present legal framework, if Parliament uses its veto power to ensure a better allocation of expenditure." @default.
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- W1480452130 date "2005-01-01" @default.
- W1480452130 modified "2023-09-27" @default.
- W1480452130 title "A Better Budget for the European Union More Value for Money More Money for Value" @default.
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