|European Commission: DG Budget
|COM (2023) 330
Communication adopted by the European Commission on 20 June 2023, setting out the overview to a legislative package introducing a new generation of own resources for the European Union (EU).
The EU institutions agreed on a roadmap for the introduction of new own resources in 2020, taking account of NextGenerationEU. In the following year, the European Commission proposed three new sources of revenues for the EU budget with contributions from the Emissions Trading System (EU ETS), from the EU Carbon Border Adjustment Mechanism (CBAM) and from a share of the residual profits of the largest enterprises that would be reallocated to the EU under the OECD/G20 Pillar One Agreement.
Discussions around those proposals made limited progress, so the European Commission decided to adopt new proposals adjusting the first basket of new own resources to take into account the agreement on the Fit for 55 package and developments since then, and also introducing a new statistical based own resource.
|Economic and Financial Affairs
|European Union [EU]