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Publication date: 10 May 2016 | Publication type: National Institute Economic Review | Theme: Exiting the EU & Britain after Brexit | External authors: Begg, I | JEL classification: F55, H11, H61 | Journal: National Institute Economic Review Issue 236 | Pages: 39-47 | Publisher: Sage Publications, London
The European Union budget is small and fulfils only a limited range of functions, yet it provokes regular disputes among the Member States and institutions of the Union. This paper describes the structure of the budget and shows that standard theories, such as fiscal federalism, are not well-suited...