The Union’s revenue

EU Fact Sheets 14-12-2023

The EU budget is financed in large part (over 90 %) from own resources. Annual revenue must completely cover annual expenditure. The system of own resources is decided by the Council on the basis of unanimity, having regard to the opinion of the European Parliament, and needs to be ratified by the Member States. A reform of the own resources system composed of two packages of new own resources was proposed by the Commission in 2022 and 2023.