How is the EU budget spent?

How is the EU budget spent?

The largest share of the EU budget (around 70% for the period 2014-2020) goes to agriculture and regional development. ... The second share of EU spending goes to regional development (34% for the period 2014-2020). EU funding for regional and social development is an important source for key investment projects.

How much of the EU budget is spent on CAP?

Together with 11% for Rural Development, the total CAP budget took 42% of the total EU budget The CAP budget shrank relatively from 75% in 1984 to 37% of the total EU budget in 2017.

How much does the EU spend on translation?

Translation and interpreting in all EU institutions account for less than 1% of the EU's annual budget – equivalent to around €2 per person per year.

How much does Sweden contribute to the EU?

Sweden's contribution to the EU is approx. SEK 24–47 billion of the central government budget. Sweden gets back approx. SEK 10–14 billion in the form of various kinds of support from the EU.

WHO adopts the EU budget?

How is the EU annual budget adopted? The annual EU budget is agreed by the Council and the European Parliament. The draft budget is proposed by the European Commission. 1.

What is 40% of the EU budget spent on?

Over 40% of the EU's spending went to programmes aimed at improving the economies of the EU's poorer regions and countries and improving competitiveness in all EU regions. The majority of the EU's revenues comes from the contributions made by Member States.

How much does the EU spend on common agricultural policy?

EU lawmakers pass Common Agricultural Policy deal — but green critics sound alarm. Despite calls to vote down the reforms from environmental groups, EU lawmakers have adopted the bloc's reformed Common Agricultural Policy — which will give €270 billion in aid directly to farmers in Europe.

How much of the CAP goes to France?

In other words, France allocates nearly 85% of its CAP budget to direct payments, to be compared with 15% for the second pillar.

Where does the EU budget come from?

The EU budget is funded from three main sources: Member State contributions, based on a percentage of their Gross National Income. Import duties on goods entering from outside the EU. A percentage of each Member State's national VAT rate.

How much of the EU budget is spent on agriculture?

In 2020, the EU budget was €168 billion. Spending on agriculture, rural development and fisheries amounted to €59 billion, which was 35% of the total budget. Click here to read more about Common Agricultural Policy.