EU Own Resources

15-01-2020

This Briefing is a background note for the Committee on Budgets public hearing on “EU Own Resources and Fiscal Policy Harmonisation: Untapped potential for Synergies?” held on 23 January 2020. It describes the very specific structure of the EU revenue which come from three types of own resources, i) traditional own resources, ii) VAT-based own resource and iii) GNI-based own resource. State of play of what has been done to improve own resource is provided. Lastly, fiscal policy harmonisation initiatives in force and proposed are listed.

This Briefing is a background note for the Committee on Budgets public hearing on “EU Own Resources and Fiscal Policy Harmonisation: Untapped potential for Synergies?” held on 23 January 2020. It describes the very specific structure of the EU revenue which come from three types of own resources, i) traditional own resources, ii) VAT-based own resource and iii) GNI-based own resource. State of play of what has been done to improve own resource is provided. Lastly, fiscal policy harmonisation initiatives in force and proposed are listed.