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Budget Process in the European Union: Pragmatic Clause

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M. Belyaev, Institute of Stock Market and Management (ISMM), 12, 2-i Kozhevnicheskii per., Moscow,115114, Russian Federation; Russian Academy of Entrepreneurship, 14 Radio Str., Moscow, 105005, Russian Federation (beliaevmike@rambler.ru)

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Abstract. The article deals with the peculiarities of the European budget policy. Special attention is given to the supranational level of its functioning. Simultaneous development of integration processes and Common budget policy, the increase of its role in economic policy of the EU integration are reviewed. The features of shaping both budget revenues and expenditures are tracked. The role of Common budget policy during the 2008–2009 crisis is analyzed.

Keywords: budget policy, European integration, Common budget, global economic and financial crisis, internationalization, supranational mechanism


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For citation:
Belyaev M. Budget Process in the European Union: Pragmatic Clause. World Eсonomy and International Relations, 2014, no. 3, pp. 119-128

Contents World Eсonomy and International Relations. 2014, no. 3

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