About: own resources

New ‘own resources’ for EU budget will come from carbon market, executive says

The European Commission on Wednesday (22 December) announced its intention to use revenues from the EU carbon market and upcoming border levy as well as taxes on multinational companies in order to repay money borrowed for the bloc's €800 billion coronavirus recovery fund.

EU’s proposed social climate fund comes under fire from all sides

At a meeting in Brussels on Monday (20 December), EU environment ministers criticised the European Commission’s proposal for a social climate fund that would support vulnerable households through the energy transition. Their motives, however, diverged widely.

US lawmakers push carbon border tariff similar to EU’s CBAM

Democrats in the US Senate are considering a "polluter import fee", similar to the EU’s recently unveiled carbon border adjustment mechanism (CBAM), to help fund President Joe Biden's $3.5 trillion recovery package.
Economy & Jobs 31-05-2021

Commission to start borrowing recovery funds in June

The European Commission confirmed on Monday (31 May) that it will start borrowing the €800 billion needed to finance the recovery fund in June, after all member states gave their approval to the issuance of EU debt which is on an unprecedented scale.
Economy & Jobs 18-09-2020

No progress on EU’s long-term budget negotiations

EU member states and the European Parliament continued to disagree on Friday (18 September) on whether to increase the Union’s long-term budget, complicating attempts to reach a quick agreement on the badly needed recovery fund for the member states.
Future EU 17-09-2020

European Parliament votes for new taxes in EU to repay recovery borrowing

The European Parliament voted on Wednesday (16 September) in favour of assigning new tax revenues to the European Union to repay the bloc's intended joint borrowing of €750 billion for economic recovery after the COVID-19 pandemic.
Economy & Jobs 08-09-2020

Finance ministers to discuss fiscal dumping inside the EU at Berlin meeting

EU finance ministers will discuss how to combat harmful tax practices within the EU during their informal meeting in Berlin this weekend, according to the German presidency's preparatory documents seen by EURACTIV. 
Economy & Jobs 27-07-2020

Moscow cries foul over EU’s planned carbon border tax

Russia’s economic development minister warned last week that the EU’s plans to deploy a carbon tax at the bloc’s borders will not be in line with World Trade Organisation (WTO) rules, just as Brussels doubled down on the idea of green tariffs.
Economy & Jobs 18-06-2020

No consent to ‘historic’ recovery plan without new revenues, MEPs warn

The European Parliament will only give its consent to a new EU long-term budget if the basket of own resources is increased to pay for the recovery fund, the main political groups warned in a letter addressed to EU leaders ahead of Friday's (19 June) summit. 
Economy & Jobs 02-06-2020

Commission says new Single Market tax would target below 0.2% of turnover

A new corporate tax could raise €10 billion a year to help fund stimulus plans while amounting to less than 0.2% of turnover of large companies that benefit from the European Union's single market, the bloc's executive said on Monday (1 June).

French MEP floats ‘win-win’ green compromise on EU budget

A European tax on financial transactions and corporate profits could bring an annual €120 billion to the EU budget and finance a green recovery from the COVID-19 crisis, without asking a penny more from national governments, says Pierre Larrouturou.
Economy & Jobs 14-02-2020

Michel offers flexible EU budget to convince sceptics

More flexibility within the Common Agriculture Policy and more money to less developed regions instead of a larger budget is what European Council President Charles Michel will offer to sceptic countries to agree on a new EU 7-year blueprint next week. 
Economy & Jobs 11-02-2020

Lawmakers pressure Paris to do more for EU budget

MEPs in charge of negotiating the EU's next seven-year budget, the Multiannual Financial Framework (MFF), came to Paris to seek France's support before the start of decisive talks on the future European budget. EURACTIV France reports.
Economy & Jobs 06-01-2020

The battle of numbers that will shape EU’s future

It might not be the sexiest debate but how the EU will look in the next seven years will depend on the outcome of one of the toughest upcoming fights in 2020: the negotiation over the bloc’s next long-term budget. 
Agrifood 17-07-2017

French anger at CAP co-financing proposal

The European Commission’s suggestion that EU member states co-finance part of the Common Agricultural Policy (CAP), the biggest consumer of the bloc’s budget, has met with steady support in Germany and exasperation in France. EURACTIV France reports.
Euro & Finance 11-01-2017

Monti group challenges the ‘juste retour’ principle in EU budgeting

The ‘Monti group’ will propose new ways of budgeting for the post-2020 period on Thursday (12 January), challenging the principle of ‘juste retour’, and looking at the opportunities of abandoning the UK rebate, according to a draft report seen by EURACTIV.com.
Euro & Finance 06-12-2016

Greens pre-empt Monti group report with alternative paper

The Green/EFA group stole the show ahead of the announcement of the results of the work of the “Monti group” on own resources for the future EU budget, by tabling an alternative report focusing on “green own resources”.
Euro & Finance 17-10-2016

European Parliament demands EU budget reform

In a bid to increase the European Union's budget, MEPs will demand changes to the multiannual financial framework (MFF) in return for supporting the 2017 budget. EURACTIV France reports.
Euro & Finance 12-09-2016

Pan-European tax on the table after Brexit

Delegates from around the EU met in Brussels last week to discuss the possibilities for budget reform, an issue previously blocked by the United Kingdom. EURACTIV France reports.