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RESEARCH PRODUCT

WHICH ARE THE FUTURE REVENUES OF THE EUROPEAN UNION SINCE2014?

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The new EU multiannual financial framework must bring some changes in methods of EU funding. European public revenue reform is needed to cover the weaknesses in the period 2007-2013. The EU financing reform covers three main elements: the simplification of the Member States` contributions, the introduction of new own resources, and the reform of correction mechanisms. This paper begins with a presentation and analysis of current EU funding system, of its characteristics, but it also contains a number of proposals for the new revenues of the EU budget from 2014 to 2020.