European business

What is the role and purpose of the EU budget? The EU budget is dictated by the European Parliament. For the year 2009 the EU budget was133.8 billion. It was an increase of 2.5 percent in comparison with the 2008 budget. he EU budget aims to lead its policies. The members states want to create a more democratic, efficient, effective and responsible public administration in the Community. The main role and purpose of the EU budget is the redistribution of wealth between the Member States. This role is crucial to help maintain and stabilise those Members States that may have financial difficulties or having sudden natural disasters such as floods, fires or storms. It represents the principle solidarity amongst the EU Member States. Identify the main priorities of budgetary spending. How has this evolved over the years? The mains priorities of budgetary spending are: griculture (Common Agricultural Policy {CAP}); which absorbs 41.4 percent of the budget and the Structural Funds, which absorbs 33 percent. Together, these two main priorities account for three quarters of the total spending of the European Union.

[...] Then in the same survey mentioned in question three, it was shown that the European citizens wanted 23 percent of the EU budget to be spent on the environment, whereas the EU spends only 12 percent in this area. This is very important because the environment is a very important topical issue not only within the EU but also on the world agenda. The EU budget is financed through a system of resources’ and through the proceeds of the EU borrowing. [...]

[...] regarded as inappropriate and unfair? There are several reasons why the EU budget may be considered to be unfair or inappropriate. Firstly it does not reflect the wishes and desire of the Europeans citizens who want and hope for many changes in the EU budget. A survey was carried out to investigate the opinion of the 1 citizens regarding the EU budget. The results of the survey should that these citizens wanted an increase from 24 percent to 38 percent of the EU budget to be spent on economic growth, and an increase from 12 to 36 percent of the EU budget should be spent between employment and social affairs. [...]