Assigned revenue in the Recovery Plan

06-07-2020 - 18:52 BUDG CONT
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Assigned revenue in the Recovery Plan © Image used under the license from stock.adobe.com

Exception to the budgetary principle of universality, assigned revenues flatten at 10.5 % in last years. The emergency European Recovery Instrument amounts to EUR 750 billion. Out of this amount, more than a third of it will be considered as assigned revenue in the EU budget. On assigned revenue, the Parliament is excluded from the decision-making process. Given the size of the amount in question, the budgetary treatment of external assigned revenue should be reassessed.