2012 Budget: resourcesPosted: May 12, 2011
Mandatory stop in our discory of the European Union budget: the resources feeding the budget.
The miscellaneous resources are the ones that arrive directly into the Union wallet. It corresponds to only a small part of the EU resources (less than 1% in 2011). There are divided in two major parts:
- The fines to companies, for example for violating competition rules.
- The surplus, when possible, of the previous year.
The revenues collected by member states for the EU
Some resources are marked for the EU but collected by the member states who send the money to the Union.
- Custom taxes, collected by member states authorities, who send 75% of it to the EU (25% are kept by member states as collecting fee). Those account (in 2011) for a little less than 17billion euros and 13% of the EU resources.
- Levy on VAT: o.3% of the VAT collected by the member states is marked for the European Union (see exceptions) This represent 13.7billions and just less than 11% of the total resources.
Member states contribution
The remaining 75% (and 95 billions in 2011) are the member state contribution. It is calculated as a fixed rate over the national wealth. This rate cannot be larger than 1.23% and is adjusted every year in order to balance resources and spending in the budget. As a consequence, the European budget is drafted without any deficit or surplus – though in the facts, unforeseen spending can be necessary, in that case, the next year budget will correct this unbalance