25 Jul 2016

The Potential and Limitations of Reforming the Financing of the EU Budget

Jorge Núñez Ferrer / Jacques Le Cacheux / Giacomo Benedetto / Mathieu Saunier

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This study, commissioned by the European Commission on behalf of the High-Level Group on Own Resources (HLGOR), places the EU budget in a modern context. It is divided into five parts. Part I outlines the present status, what has changed in recent last years and the need for a budget to enable the EU to face its present difficulties. Part II looks at the challenges and opportunities for reforming the budget from a political and legal perspective. Part III goes into detail about the potential elements of a reform, from an assessment of new resources to reforms connected with expenditure-side improvements. Part IV presents a set of possible package deals and discusses their merit. And the final Part V discusses wider issues concerning the role of the EU budget in relation with the eurozone and additional considerations, such as the duration of the MFF.

Authors’ affiliations

Jorge Núñez Ferrer, Associate Research Fellow, CEPS

Jacques Le Cacheux, Professor of Economics, CATT/UPPA (Université de Pau et des Pays de l’Adour), and Scientific Adviser , OFCE/Sciences Po

Giacomo  Benedetto,  Senior  Lecturer  in  Politics  and  Policy  at  Royal  Holloway,  University  of  London

Mathieu Saunier, Manager, Deloitte Eu Finance Transformation Centre of Excellence

With contributions from

Fabien Candau, Assistant Professor in Economics, CATT/UPPA

Claude Emonnot, Assistant Professor in Economics, CATT/UPPA

Florence Lachet-Touya, Assistant Professor in Economics, CATT/UPPA

Jorgen Mortensen, Senior Research Fellow, CEPS

Aymeric Potteau, Professeur des universites en droit public, Lille, Nord-Pas-de-Calais, France

Igor Taranic, Research Assistant, CEPS

The study is available for free downloading on the European Commission’s website

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