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Commission proposals on budgetary and financial reform

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  • European Community
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Intereconomics

Abstract

In a speech to the European Parliament on 18th February 1987 the Commission President Delors publicly announced the Commission’s proposals for a fundamental reorganization of the system of financing the Community and of Community budgetary policy.1 What is the background of these proposals? How can they be assessed?

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  1. COM(87) 100 final of 15th February 1987.

  2. Bull. EC 6-1984, para. 1.1.1. ff.

  3. Agreement on the specific rules governing budgetary discipline was not reached until the Dublin European Council on 4th December 1984, however. According to the European Council’s conclusions, inter alia the average increase in agricultural expenditure over a three-year period should not exceed the increase in the Community’s own resources base. Cf. Bull. EC 12-1984, pp. 24 ff.

  4. Annual Report of the Court of Auditors concerning the financial year 1985, OJ No. C 321,15.12.1986, p. 13.

  5. On pp. 7 and 43 of document COM(87) 101 final, the Commission calculates that, for 1987, the book value of agricultural stocks—12.3 billion ECU—should be depreciated by 66%. Depreciation within the budget has only taken place on a fairly modest scale. To cover all costs relating to agricultural policy, additional depreciation of some 6 billion ECU should be provided for. In its annual report concerning the financial year 1985 (pp. 42 ff.) the Court of Auditors has already pointed out that stock depreciation must take place, that in the absence of full depreciation expenditure on measures to reduce stocks must be deferred and that this provides an inaccurate impression of the cost of the CAP.

  6. COM(87) 101 final, pp. 2 ff.

  7. Cf. the Annual Report of the Court of Auditors concerning the financial year 1985, ibid., p. 12.

  8. Bull. EC 6-1984, p. 10.

  9. Cf. the draft Treaty establishing the European Union, which was adopted by Parliament on 14th February 1984; Bull. EC 2—1984, pp. 108 ff. and OJ No. C 77,19.3.1984.

  10. “The Future of Community Finance”, CEPS Papers No. 30, Brussels.

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  1. Brussels

    Gerhard Stahl

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  1. Gerhard Stahl
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Stahl, G. Commission proposals on budgetary and financial reform. Intereconomics 22, 145–150 (1987). https://doi.org/10.1007/BF02932236

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