EU Budget Review

The European Commission has published its communication on the budget review on 19 October 2010. Its main findings are that the current rules for the EU budget make it slow to react to unforeseen events while too many complexities hinder its efficiency and transparency.

The present Communication on the budget reform reflects the results of a public consultation on the budget review that was launched by the Commission in June 2008. Taking into account the numerous contributions submitted by participants from various backgrounds, the Communication at hand concludes the key objectives of the reform and gives an outlook on the future.