Assigned revenue in the Recovery Plan - The frog that wishes to be as big as the ox?

15-06-2020

Exception to the budgetary principle of universality, assigned revenues flatten at 10.5 % in last years. The emergency European Recovery Instrument put forward by the Commission amounts to EUR 750 billion. Out of this EUR 750 billion, EUR 500 billion are external assigned revenue. Therefore, more than a third of the EU budget will be considered as assigned revenue in the EU budget. On assigned revenue, the European 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.

Exception to the budgetary principle of universality, assigned revenues flatten at 10.5 % in last years. The emergency European Recovery Instrument put forward by the Commission amounts to EUR 750 billion. Out of this EUR 750 billion, EUR 500 billion are external assigned revenue. Therefore, more than a third of the EU budget will be considered as assigned revenue in the EU budget. On assigned revenue, the European 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.