UDC 336(4-672EU)
Biblid: 1451-3188, 17 (2018)
Vol. 18, No 66, pp. 108-126
DOI:

Оriginal article
Received: 01 Jan 1970
Accepted: 01 Jan 1970

TRADITIONAL OWN RESOURCES OF FINANCING THE EUROPEAN UNION

Budak Ana (Правни факултет Универзитета у Београду), ana.budak@ius.bg.ac.rs

A significant part of the European Union\'s activities is financed from traditional own resources. However, these sources are volatile and uncertain considering the trend of trade liberalization, which has been present in recent decades. This research reviews the change in tendencies of their significance over time, as well as their wider impact on the welfare of different social groups within the European Union. The research employs the historical method, conceptual analysis of law and economic analyses of law, consisting of descriptive statistics and comparative statics methods by which the results were obtained indicating suboptimality of reliance on the traditional own resources. The results implicate the need for identifying alternative sources of financing for the European Union.

Keywords: European Union, European Union budget, traditional own resources, custom duties