The Budgetary Tools for Financing the EU External Policy

The paper provides an overview of the current set-up of tools contributing to the funding of the EU external policies. The focus is on the recently established instruments and how they relate to the previously existing ones. The paper provides a first assessment of the current and envisaged set up of tools with regards to the following key aspects: added-value, coherence, flexibility and simplification, and democratic oversight of EU funding for external action.