An Equitable Budget for the European Community?

Ali M. El-Agraa

Chapter 12 in Protection, Cooperation, Integration and Development, 1987, pp 174-189 from Palgrave Macmillan

Abstract: Abstract The General Budget of the European Communities (EC) forms an integral and very important part of the Community’s fiscal policy. Very widely interpreted, fiscal policy comprises a whole corpus of public finance issues: the relative size of the public sector, taxation and expenditure, and the allocation of public sector responsibilities between different tiers of government. In short, there are at least two basic elements to fiscal policy: the instruments available to the government for fiscal policy purposes (the total tax structure) and the overall impact of the joint manoeuvring of the instruments (the role played by the budget). The purpose of this chapter is to explain briefly the nature of the EC General Budget (EC Budget hereafter), to demonstrate why it is inequitable and to suggest ways in which it could be made less so. It should be apparent that the choice of subject is due to its importance not only for the EC but also for other schemes of international economic integration contemplating the establishment of a grouping as complicated as the EC.

Keywords: European Community; Income Taxation; Fiscal Policy; Monetary Union; Common Agricultural Policy (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09370-0_12

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DOI: 10.1007/978-1-349-09370-0_12

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