The European Court of Auditors noted in an opinion published on Friday 15 July that “progress” has been made in introducing new EU own resources. They are proposed to help pay back the money from the €750 billion Next Generation EU Economic Recovery Plan.
At the end of 2021 the European Commission proposed the introduction of three new categories of own resources (see EUROPE 12859/3).
The Court of Auditors recognises the merits of the proposed rules for managing new sources of revenue. It calls for greater consistency in the rules for making available to the EU budget all existing and proposed own resources.
The Court’s opinion highlights that the EU funding system “remains complex”.
While the auditors recognise that some of the proposed new approaches to the design of new revenue sources can increase predictability and reduce the administrative burden, they call for more consistency in the rules.
The first new revenue is based on revenues from the Emissions Trading System (ETS).
The second relies on the resources generated by the Carbon Border Adjustment Mechanism. The third is based on the residual profit share of multinationals (reallocated to EU Member States under the recent OECD/G20 agreement).
Link to opinion: https://aeur.eu/f/2nr (Original version in French by Lionel Changeur)