Alberto Majocchi
  January 2017  

1. In the Draft General Budget of the European Union for 2017, appropriations to be covered during the financial year amount to around 135 billion and the revenue deriving from GNI-based own resources (a contribution proportional to the national income of each Member State) represents 69.4% of this amount. There appears to now be some agreement that reforming the system of financing, providing resources through direct taxation of economic agents rather than indirectly through GNI contributions, could considerably increase the transparency and the accountability of the budget.

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