Exam > Budget > Flashcards

Budget Flashcards

(52 cards)

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1
Q

Nine financial principles

A

Unity, budgetary accuracy, annuality, equilibrium, unit of account, universality, specification, sound financial management, transparency

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2
Q

Arachne

A

IT tool for checks in structural funds

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3
Q

Adoption of own resources

A

Unanimity in Council with EP consultation and to be ratified by MS

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4
Q

Adoption of MFF regulation

A

Unanimity in Council with EP consent

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5
Q

Deadlines for annual budget adoption

A
  1. Submission by EC by 1 September
  2. Opinion of Council
  3. Parliament Reading in 42 days
  4. Conciliation Committee 21 days
  5. Adoption of text within 14 days
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6
Q

EP rejected the budget..

A

Twice - 1979 and 1984

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7
Q

Discharge procedure

A

EP acting on recommendation by the Council

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8
Q

Shared - direct - indirect management

A

70% - 20% - 10%

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9
Q

Level of resources per year limited to

A

1.4% EU GNI

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10
Q

Rabate

A

1984 - Fontainbleu - currently for AT, DE, SE, NL, DK

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11
Q

Customs duties

A

Since 1970 (sugar levy until 2017); MS retain 25% of collected sum

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12
Q

VAT contribution

A

Since 1979; capped at 50% of MS GNI base; 0.3% call rate

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13
Q

Plastic own resources

A

Since 2021; 0.8 per kg; 3.8 kg per capita for countries below GNI
In 2023, revenue from the plastic-based own resource amounted to €7.2 billion, 4.0 % of the EU’s total revenue.

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14
Q

CBAM

A

75% to EU budget

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15
Q

ETS

A

30% to EU budget

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16
Q

Heading EU budget

A
  1. Coheseion, resilience, values (1 099)
  2. Natural Resources and Environment (373)
  3. Single Market, Innovation, Digital (143)
  4. Neighbourhood and the world (98.4)
  5. European Public Administration (73.1)
  6. Migration and border management (22.7)
  7. Security and Defence (13.2)
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17
Q

Horizon Europe

A

93.5
Three Pillars: Excellent Science (25); Global Challenges (53.5); Innovative Europe (13.6)

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18
Q

Horizon Europe missions

A

Adaptation to climate change, including societal transformation

Cancer

Heathy oceans, seas, coastal and inland waters

Climate neutral and smart cities

Soil health and food

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19
Q

ITER

A

Saint-Paul-Lez-Durance
Start operations: 2025, fully operational by 2035
5.61 billion

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20
Q

Invest EU windows

A

Sustainable infrastructure (9.9)

Research, innovation, digitalisation (6.6)

Smes (6.9).

Social investment and skills (2.8)

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21
Q

Invest EU budget

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A

10.28 (23 EU guarantee) to mobilise 372

257 operations

17 implementing partners

22
Q

CEF

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A

20.73 (or 30)
Transport
Energy
Digital services

23
Q

Digital Europe Programme

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A

Supercomputer, AI, cybersecurity, advanced digital skills, ensuring wide use of digital technologies

24
Q

Cohesion policy priorities

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A
  • more competitive and smarter
  • greener, low carbon emission economy
  • more connected
  • more social and inclusive
  • closer to citizens
25
Cohesion fund
90% below GDP per capita 15 MS receive it environment + transport investment biggest allocation to PL
26
React-EU
Recovery Assistance for cohesion and territories in Europe 50.62 Extends CRII and CRII+ Target: 37 green (42); 20 digital (26); 25 social 6 pillars: green; digital; smart, sustainable and inclusive growth; social and territorial cohesion; health and economic, social and institutional cohesion; policies for the next generation Biggest amount to Spain (64.2) and Italy (63.7)
27
TSI projects since 2015
1500
28
Predecessor of Protection of the Euro against Counterfeiting
Pericles
29
Erasmus+
26.5 Three actions: - Learning mobility of individuals - Cooperation among organisations and institutions - Support to policy development and cooperation est. 1987; 15 million people have participated since 35th anniversary in 2022
30
CERV
Citizens, equality, rights and values 1.56 billion Four priorities: - equality, rights and gender equality - citizens engagement and participation - Daphne - fight violance, including gender-based violance - Union values
31
CAP size of all EU budget
ca. 25% Biggest allocation to FR
32
LIFE
Programme for the Environment and Climate Priorities: - Nature and Biodiversity - Circular Economy and Quality of Life - Climate Change Mitigation and Adaptation - Clean Energy Transition 61% climate target
33
Just Transition Mechanism
Consists of three elements: - Just Transition Fund (19.32) aiming to mobilise 30 billion - InvestEU Transition Scheme Window - New Public Sector Loan Facility Biggest allocation to PL
34
Innovation Fund
Deployment of innovative net-zero and low-carbon technologies Based on ETS scheme; 530 million ETS allowances EEA countries
35
Modernisation Fund
modernisation of energy supply and energy efficiency 13 lowest income MS est. 2018
36
Integrated Border Management Fund
7.39 billion Two elements: 1) Border Management and Visa instrument 2) Customs Control Equipment Instrument
37
Which funds does DK not participate in
AMIF (9.88) - IE does since 2022 Internal Security Fund (1.93)
38
European Defence Fund
7.95 billion defence research (2.7 billion) capability development (5.3 billion)
39
Global Europe
80.59 billion Geographic (60.38)- Neighbourhood (19.32); Sub-Saharan Africa (29.18); Asia and Pacific (8.48); Americas and Caribbean (3.39) Thematic (6.36) Rapid response (3.18) Cushion (9.53) 93% - official development assistance; 30% - climate-related projects 10% - migration
40
Humanitarian aid
Since 1992 110 countries budget 2025: 1.9 billion
41
IPA
14.16 billion 5 windows: - rule of law, fundamental rights, democracy - good governance - green agenda and sustainable connectivity (42%) - competitiveness and inclusive growth - territorial and cross-border cooperation (3.5)
42
InvestEU
26.5 guarantee to mobilise 372 billion Areas: 1) sustainable infrastructure 2) research, innovation, digitalisation 3) SMEs 4) social investment in skills
43
EU budget 2025
Commitments: €192.76 Payments: €149.61
44
EU budget 2024
Commitments: €189.39 Payments: 142.63
45
EU budget 2023
Commitments: €186.6 Payments: 168.6
46
Funds - oldest to newest
1957 - ESF 1962 - EAGGF 1975 - ERDF 1984 - Esprit / research 1987 - Erasmus 1990 - Interreg 1993 - Cohesion Fund 2002 - EUSF 2014 - EMFAF
47
ESF+ targets
25% to social inclusion 3% for food and basic assistance 12.5% to youth 5% to child poverty 0.25% to social partners / civil society
48
DAS
The ‘statement of assurance as to the reliability of accounts and the legality and regularity of the underlying transactions’
49
Additional budget mid-term review
€64.6 billion * €50 billion for the Ukraine Facility (€17 billion in grants and €33 billion in loans) * €2 billion for migration and border management * €7.6 billion for the neighbourhood and the world * €1.5 billion for the European Defence Fund under the new instrument STEP * €2 billion for the flexibility instrument * €1.5 billion for the solidarity and emergency aid reserve
50
MFF and NextGEN EU
MFF + NextGenerationEU recovery instrument = €2.018 trillion in current prices (€1.8 trillion in 2018 prices): MFF: €1.211 trillion in current prices (€1.074 trillion in 2018 prices) NextGenerationEU: €806.9 billion in current prices (€750 billion in 2018 prices).
51
Emergency instruments
European Globalisation Adjustment Fund: (0.19 billion annually); 2006 Solidarity and Emergency Aid Reserve: (1.2 billion annually) Brexit Adjustment Reserve: (5 billion in total)
52
RRF loans / grants
291 loans 359 grants
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