A majority tendency in favour of applying
co-decision to the budget procedure emerged from the
Convention’s debate of the Union’s finances on 4
69 amendments to the three articles dealing with the
Union’s finances point towards a consensus in favour of
formalising the multiannual financial perspective, setting
mandatory ceilings for each category of expenditure.
On the other hand, there are serious
disagreements over the idea of a Community tax and on the
decision-making procedure for the budget.
A number of speakers favoured the
introduction of a Community tax, taking the view that as
things stand the term ‘own resources’ is something of a
misnomer, since what is involved is essentially direct
contributions from the Member States. However, a number of
speakers expressed outright opposition to a Community
A majority of speakers argued in favour
of greater flexibility in the budget procedure, expressing
the view that unanimity in Council should give way to
qualified majority voting and that Parliament should
participate as an equal partner.
Numerous speakers argued in favour of
integrating the financial perspective into the new