This report is the first of several that the IFS will produce in the run up to the EU referendum that will look at these public finance and budgetary issues. In it, the authors set out the EU’s budget process, describe the EU’s different sources of revenue and items of expenditure and evaluate the rules underlying these, and compare the contributions and receipts of the 28 EU member states and their overall net positions. By bringing the information together and explaining it in a clear and concise way, this ‘guide’ helps demystify the EU budget and how it works – although, as we shall see, the workings of some major parts of the budget are less than transparent.
Download the paper here.
The views expressed in this research paper are those of the authors and not necessarily those of the UK in a Changing Europe initiative.