The European Commission is expected to adopt on Wednesday 22 December a proposal paving the way for the creation of three new own resources for the EU budget, which have become essential since the implementation of the EU Economic Recovery Plan after the damage caused by the Covid-19 pandemic.
Indeed, the revenues from the new own resources introduced after 2021 will be used for early repayment of Next Generation EU loans starting in 2028.
The three new own resources envisaged by...