DONATE
DONATE
24.06.2015.

How the EU’s budget could be cut by half

The budget of the European Union could function at half of the proposed cost to EU taxpayers while boosting economic growth, according to this report, 50:50 for 2020.

As European leaders gathered in Brussels for a second attempt at agreeing the block’s budget for the next seven years, the report’s author, Lithuanian economist Kaetana Leontjeva, said the EU’s proposals – that include €1.025tn of spending and retaining harmful tariffs and subsidy programmes such as the Common Agricultural and Fisheries policies - have failed to respond adequately to the economic crisis.

The study’s recommendations include:

- Scrapping duties on trade
- Abandoning proposals for new EU taxes
- Abolishing the Common Agricultural and Fisheries policies
- Reforming competitiveness and cohesion budgets
- Cutting salaries and perks of EU bureaucrats.

    DOWNLOAD DOCUMENT

Newsletter, latest research and events

STAY INFORMED

New Direction - The Foundation for European Reform
Rue du Trône, 4, 1000 Bruxelles, Belgium
contact@europeanreform.org
+32 2 280 63 58


TWITTER  |  FACEBOOK  |  YOUTUBE  |  FLICKR  |  DONATE
ABOUT  |  ECR  |  ACRE  |  EYC  |  EDU  |  PRIVACY POLICY & LEGAL
Copyright © 2016 New Direction – The Foundation for European Reform