A budget to bring added value to Europe

To revive democracy in Europe we must produce a European budget that provides added value to all citizens.

14/02/2018

To revive democracy in Europe we must produce a European budget that provides added value to all citizens. An EU budget under the control of the European Parliament will result in long-term investments backed up by a revised budget.

 

A long-term vision is crucial if we are to take a new step towards European integration. This is essential if we are to promote sustainable development that combines investment in public infrastructure with investment in the environment and human resources that may exceed existing levels in each individual state. Europe is ideally positioned to undertake such investments and can ensure that the investments produce European added value. This investment will in essence follow European public policies. This has a cumulative effect on the individual member states as the level of investment exceeds what could be produced by each country when the principle of subsidiarity is applied.

European added value is an economic benefit that enables us to create public awareness of European ownership in nation states around Europe.

We must therefore makes investments that are linked to political objectives which produce global gains and not just local ones. Collective or public benefit is a common good. The reduction of external factors will result in a synergy that promotes the public benefit. Examples include an integrated climate policy, transnational networks (interconnectivity of energy, digital networks and transport) and international cooperation in the formation of territorial cohesion policies. European added value is an economic benefit that enables us to create public awareness of European ownership in nation states around Europe.

The democratic acceptability of onerous choices at different periods of time at a European level can only be enhanced by an ethical principle of social justice. However, a pro-European political orientation is not guaranteed to continue as we move towards a number of elections around Europe.

That is why a complete European budget under the control of a European Parliament that is removed from national and partisan games would be a decisive step towards the concept of European added value.

At present the European budget is a zero-sum game. National governments are only interested in their contributions to the European budget and what they receive for such contributions. This situation must be transformed into a ‘win-win’ budget by allocating the budget to activities that produce European added value.

To further enhance the budget, the connection between our own resources, democratic legitimacy and the concept of European added value must be enshrined at a political level.

The budget often guarantees risky investments and that is why it is necessary to increase the size of the budget if Europe is to retain the present level of autonomy that it currently enjoys. As a result, we need to expand our own resources to promote public policies that are aimed at encouraging long-term investment in infrastructure. Own resources can be funded through tax revenue to ensure that Europe has the support necessary to implement common policies.

To further enhance the budget, the connection between our own resources, democratic legitimacy and the concept of European added value must be enshrined at a political level. This connection would provide the European Parliament with fiscal power that is supported by the democratic decisions of the respective national parliaments on how to share the total tax revenue within Europe. Any overlap between national and European public power in the pursuit of a common advantage is the foundation of “double democracy”.

Find all related publications
Publications
26/09/2023

‘Abortion in the EU’ – Country fact sheets

Multispeed access to abortion across member states
26/09/2023

Abortion in the European Union

Actors, issues and discourse
21/09/2023

A European Health Union

A blueprint for generations
18/09/2023

Making trade work for prosperity, people and planet

FEPS Primers series - Arancha González and Yanis Bourgeois
Find all related news
News
20/09/2023

FEPS is recruiting 1 project officer

Notice of vacancy
14/09/2023

FEPS President at the SDG Summit and United Nations General Assembly in New York

FEPS President Maria João Rodrigues is in New York this week on the occasion of […]
14/09/2023

Call for tender – Researcher on inflation

Basic Information Project    The profits-prices spiral: measures to avoid inflation  Partners   TASC (Ireland), Pietro Nenni Foundation (Italy)  […]
12/09/2023

Call for tender – Research and analysis for the project “Progressive paths to rebuild Ukraine”

Basic Information Project Research “In search of a ‘lost generation’. Harnessing youth potential for post-war […]
Find all related in the media
In the media

NATO Deputy Secretary General Geoană: “Democracies should stand united to defend the multilateral global order”

by ReportDifesa.it 25/09/2023
Mircea Geoană, NATO Deputy Sec Gen, took part to FEPS' Annual Autumn Academy 2023 in a session devoted to “Building a sustainable and multilateral global order”

‘SDG funding gap swells to $137trn’ New Policy Study from FEPS, together with Earth4All, to deliver a five-point plan for the SDGs.

by Edie 19/09/2023
The “SDGs for All” report emphasises that policymakers have the potential to significantly advance SDG implementation by the original 2030 deadline and beyond by enacting five “extraordinary turnarounds” that break away from current trends.

“Trade doesn’t work in isolation from good domestic policies” Interview to Arancha González

by Borderlex 19/09/2023
Interview to Arancha González, former Spanish foreign minister, who released together with FEPS the new book entitled 'The Trade Handbook: Making Trade Work for Prosperity, People and Planet'

AI to ‘determine course of global trade, jobs’ in near future

by The Financial Express 14/09/2023
The Financial Express's article focuses on the publication of FEPS Primer on Trade written by Arancha González Laya and Yanis Bourgeois