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Europe Daily Bulletin No. 12859

23 December 2021
INSTITUTIONAL / Budget
European Commission hopes new own resources will bring in ‚ā¨17¬†billion per year to EU budget
Brussels, 22/12/2021 (Agence Europe)

The European Commission adopted, on Wednesday 22¬†December, proposals to create three new own resources for the EU budget, notably to reimburse the financing of the EU‚Äôs ‚ā¨750¬†billion economic recovery plan (see EUROPE B12857A12).

The first is based on revenues from the Emissions Trading System (ETS). The second is based on the resources generated by the EU Carbon Border Adjustment Mechanism (CBAM) project. The third is based on the share of residual profits of multinationals that will...

Contents

BEACONS
INSTITUTIONAL
ECONOMY - FINANCE
SOCIAL AFFAIRS - EDUCATION
SECTORAL POLICIES
EU RESPONSE TO COVID-19
EXTERNAL ACTION
COUNCIL OF EUROPE
NEWS BRIEFS
Op-Ed