The EU budget in my country
The EU budget is an important tool that puts EU policies into practice. It finances actions that Member States cannot fund on their own or which they can fund more economically by pooling their resources. The EU budget is adopted through a democratic procedure: it is prepared by the European Commission (the EU’s executive body) and is then discussed and agreed by the Council of the EU (where elected ministers represent EU Member States, including the UK) and by the European Parliament (where the democratically elected UK representatives sit). Once adopted, the budget is then managed either... jointly by the EU Member States and the Commission, or directly by the Commission. In practice, 80 % of the EU budget is managed by national or regional governments. Through grants, loans and other forms of finance, the EU budget provides financial support to hundreds of thousands of beneficiaries, including students, scientists, NGOs, SMEs, towns, regions and many others.
- Corporate author(s): Directorate-General for Budget (European Commission) Themes: Community finance , Activities of the institutions and bodies
- Subject: budgetary expenditure , Community budget , EU budget , EU financing , EU investment , financial management , implementation of the budget , United Kingdom
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