EU own resources system

E889769

The EU own resources system is the mechanism through which the European Union is financed, drawing revenue from member states and other sources to fund its budget and long-term policies.

All labels observed (3)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf European Union budgetary mechanism ⓘ
public finance system ⓘ
appliesToJurisdiction European Union ⓘ
hasCeilingOn total own resources as a percentage of EU gross national income ⓘ
hasCharacteristic aims to ensure fairness between member states ⓘ
aims to reflect member states’ relative prosperity ⓘ
based on the principle of budgetary balance ⓘ
must be sufficient to cover all EU payment appropriations within the ceiling ⓘ
prohibits the EU from running budget deficits ⓘ
seeks to reduce excessive reliance on national GNI-based contributions ⓘ
hasComponent GNI-based own resource ⓘ
VAT-based own resource ⓘ
new own resources ⓘ
traditional own resources ⓘ
hasLegalBasis Council Decision on the system of own resources of the European Union ⓘ
Treaty on the Functioning of the European Union ⓘ
hasPurpose to ensure stable and predictable revenue for EU policies ⓘ
to finance the European Union budget ⓘ
to fund the EU multiannual financial framework ⓘ
hasReform 2020 reform linked to NextGenerationEU ⓘ
includesRevenueFrom EU fines and penalties ⓘ
EU staff contributions ⓘ
customs duties ⓘ
future potential own resources linked to a share of reallocated profits under OECD Pillar One ⓘ
future potential own resources linked to the Carbon Border Adjustment Mechanism ⓘ
future potential own resources linked to the EU Emissions Trading System ⓘ
member state contributions based on gross national income ⓘ
member state contributions based on harmonised value added tax ⓘ
national contributions and other revenues ⓘ
new own resource based on non-recycled plastic packaging waste ⓘ
sugar levies ⓘ
surpluses from previous EU budgets ⓘ
isDecidedBy Council of the European Union ⓘ
isManagedBy European Commission ⓘ
isSubjectTo EU budgetary control and audit ⓘ
isSubjectToOversightBy European Court of Auditors ⓘ
European Parliament Committee on Budgets ⓘ
operatesUnderPrinciple own resources are made available automatically to the EU ⓘ
partOf European Union budget ⓘ
requiresApprovalBy European Parliament ⓘ
requiresImplementationBy national customs and tax authorities ⓘ
requiresRatificationBy all EU member states ⓘ
supports Common Agricultural Policy ⓘ
EU climate and environmental policies ⓘ
EU cohesion policy ⓘ
EU external action and development policies ⓘ
EU research and innovation programmes ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

EU budget → hasMainRevenueSource → EU own resources ⓘ
linked to: EU own resources system
EU budget → hasLegalBasis → EU Own Resources Decision ⓘ
linked to: EU own resources system
MFF → linkedTo → EU own resources system ⓘ