THE EUROPEAN UNION’S GENERAL BUDGET- AN INSTRUMENT FOR ECONOMIC GOVERNANCE

Tatiana Covalschi () and Lilia Rotaru ()
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Lilia Rotaru: Finance and Banking Department, Faculty of Economic Sciences, Moldova State University

CES Working Papers, 2015, vol. 7(2A), issue 2a, 407-419

Abstract: The European Union is an unprecedented institution in the world, and therefore the general budget of the European Union is a specific budget, different from the national public budgets or the budgets of different organizations. This article studies the peculiarities of the European Union general budget, its essence and role in the economic governance, as well as the position of this budget in European financial system. The article is based on a complex analysis of the revenues and expenditures of the general budget of the European Union and of the interconnections between the general budget and the budgets of the Member States, in order to ensure the sustainability of public finances in the European Union at present.

Keywords: European financial system; EU general budget; economic governance (search for similar items in EconPapers)
JEL-codes: F36 F42 H87 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2015:v:7:i:2a:p:407-419

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