European Fiscal Capacity and New Own Resources: Proposals and Scenarios

Olimpia Fontana and Luca Gasbarro ()
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Luca Gasbarro: Chartered accountant junior partner at Studio Legale e Tributario Fantozzi & Associati

No 264, Research Papers from Fondazione Centro Studi sul Federalismo

Abstract: This paper contributes from an economic point of view to the idea of a Next Generation Africa financed by the EU’s allocation of SDRs. The first part considers the macroeconomic framework for African countries at an aggregate level, especially after the outbreak of the pandemic. The second part provides an approximate estimate of the impact of Next Generation Africa on aggregate economic growth and on the financing needs of the African continent’s basic infrastructure. Other long-term dimensions of a strategic partnership with Africa are also discussed. The paper strongly confirms the need and opportunity, on both sides of the partnership, for Next Generation Africa.

Keywords: fiscal capacity; European own resources; Next generation EU; stabilization function; European public goods; carbon tax; tax avoidance; financial transactions tax (search for similar items in EconPapers)
JEL-codes: E58 F33 F38 F41 F42 G15 Q30 Q32 Q56 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2022-06
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