POSTCRISIS FINANCIAL MANAGEMENT OF THE EUROPEAN UNION

MEST Journal ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 63-72
Author(s):  
Kristijan Ristic ◽  
Zivorad Kovacevic
Keyword(s):  
European Union ◽  
Financial Management ◽  
The European Union

13. The European Commission

2020 ◽  
pp. 238-256
Author(s):  
Simon Bulmer ◽  
Owen Parker ◽  
Ian Bache ◽  
Stephen George ◽  
Charlotte Burns
Keyword(s):  
European Union ◽  
International Relations ◽  
European Commission ◽  
Financial Management ◽  
Policy Making ◽  
The European Union ◽  
Political Actor ◽  
Member States ◽  
Effective Implementation ◽  
Eu Policies

This chapter examines the European Commission’s functions and structure, along with its role in policy making. The Commission initiates legislation, may act as a mediator, manages some policy areas, is guardian of the Treaties, is a key actor in international relations, and the ‘conscience of the European Union’. The chapter proceeds by discussing the debate on the extent to which the Commission is an autonomous political actor or simply an agent of the member states. Finally, it analyses the increasing challenges faced by the Commission in securing effective implementation of EU policies and its response to concerns over its financial management of EU programmes.

scholarly journals The European Union Budget, the Balanced Budget Rule and the Development of Common European Policies

2000 ◽  
Vol 20 (1) ◽  
pp. 1-19 ◽  
Author(s):  
Robert Ackrill
Keyword(s):  
European Union ◽  
Financial Management ◽  
The European Union ◽  
Political Bargaining ◽  
Different Types ◽  
European Policies ◽  
The Common ◽  
Balanced Budget Rule ◽  
Balanced Budget ◽  
The Eu

The European Union budget is subject to a strict annual balanced budget rule. Given different types of expenditure within the budget, this rule has most effect on – and is most threatened by – spending on the Common Agricultural Policy. This article examines the merits of applying a balanced budget rule to the EU budget and explores the links between the budget and the CAP. The rule has forced the EU to improve its financial management, as the 1999 CAP reform shows. The presence of a pre-agreed spending limit on the CAP forced changes to be made to the initial CAP reform agreement in order to comply with this limit, although political bargaining was critical in shaping particular changes. The general perception is that the CAP drives the European budget. Yet the budget, if not driving the CAP, imposes an increasingly tight constraint on its reform.

scholarly journals EUROPEAN PERSPECTIVE OF PUBLIC ADMINISTRATION IN THE CONTEXT OF IMPLEMENTATION OF THE EASTERN PARTNERSHIP PROJECT IN UKRAINE

2021 ◽  
Vol 03 (01) ◽  
pp. 139-144
Author(s):  
Rudenko Olha Rudenko Olha ◽  
Zhytar Maksym Zhytar Maksym ◽  
Kodis Yevheniy Kodis Yevheniy
Keyword(s):  
European Union ◽  
Public Administration ◽  
Financial Management ◽  
Management System ◽  
Regional Cooperation ◽  
State Institution ◽  
The European Union ◽  
Association Agreement ◽  
Decentralized System ◽  
Eastern Partnership

It was found that today Ukraine is not ready to introduce a decentralized system due to shortcomings in budget planning and non-transparency of public financial management. In case of its introduction in the management system of EU funds of Ukraine, it is advisable to develop a preparatory stage for a decentralized management system of EU assistance resources, which will ensure an independent audit of Ukraine's external assistance management system. Based on the results of the audit, it is necessary to determine the responsible state institution that will carry out the overall coordination of the decentralized system in the subsequent stages of its implementation. An urgent challenge for modern Ukraine is the ability to develop a national research and innovation strategy in line with the best EU models. To date, Ukraine lacks a comprehensive systemic vision for the development of science, technology and innovation, and dialogue with civil society and the expert community is somewhat of a formality. The plans and proposals submitted by the Ministry of Education and Science and the Ministry of Economic Development, Trade and Agriculture need to be properly coordinated. After all, such inconsistency of actions of government structures is also reflected in the quality and effectiveness of the legislation of Ukraine, increases the time of adoption of laws in the Verkhovna Rada. In this regard, cooperation between the three committees in particular needs to be significantly improved, namely: the Committee on Education and Science, the Committee on Informatization and Communications and the Committee on Industrial Policy and Entrepreneurship. Promoting cooperation and integration with the European Union will allow the citizens of the respective partner countries to adapt European values faster, increase people's awareness of the experience and prospects of EU countries, and significantly strengthen their self-identification as Europeans. The importance of the role of the Eastern Partnership in security issues for both the EU and the countries participating in the Eastern Partnership should be emphasized. Keywords: European Union, European integration, Eastern Partnership, regional cooperation, Association Agreement, public administration.

13. The European Commission

2014 ◽  
pp. 231-248
Author(s):  
Ian Bache ◽  
Simon Bulmer ◽  
Stephen George ◽  
Owen Parker
Keyword(s):  
European Union ◽  
International Relations ◽  
European Commission ◽  
Financial Management ◽  
Policy Making ◽  
The European Union ◽  
Political Actor ◽  
Member States ◽  
Effective Implementation ◽  
Eu Policies

This chapter examines the European Commission’s functions and structure, along with its role in policy making. The Commission initiates legislation, may act as a mediator, manages some policy areas, is guardian of the Treaties, is a key actor in international relations, and the ‘conscience of the European Union’. The chapter proceeds by discussing the debate on the extent to which the Commission is an autonomous political actor or simply an agent of the member states. Finally, it analyses the increasing challenges faced by the Commission in securing effective implementation of EU policies and its response to concerns over its financial management of EU programmes.

11. The Court of Auditors and the European Anti-Fraud Office: The politics of financial accountability

2017 ◽  
Author(s):  
Brigid Laffan
Keyword(s):  
European Union ◽  
Financial Management ◽  
Financial Control ◽  
The European Union ◽  
Financial Accountability ◽  
Internal Structures ◽  
Financial Interests ◽  
Institutional Landscape ◽  
The Eu

This chapter examines the politics of financial accountability in the European Union by focusing on two organizational entities designed to protect its financial interests: the Court of Auditors and the European Anti-Fraud Office (OLAF, from the French Office européen de lutte antifraude). It first provides an overview of the two institutionsʼ origins before discussing their internal structures, powers, and their place in the institutional landscape of the EU. It then considers the institutions in context, with emphasis on their respective roles in financial control and the larger EU system, theories on their establishment and development, and their impact. The chapter concludes by assessing the contributions of OLAF and the Court of Auditors to the growing salience of financial management in the EU.

scholarly journals DETERMINANTS OF FARM INCOME IN THE EUROPEAN UNION IN NEW AND OLD MEMBER STATES. A REGIONAL STUDY

2019 ◽  
Vol XXI (3) ◽  
pp. 200-211
Author(s):  
Łukasz Kryszak ◽  
Anna Matuszczak
Keyword(s):  
European Union ◽  
Financial Management ◽  
Capital Expenditure ◽  
Management Strategies ◽  
Farm Income ◽  
Panel Regression ◽  
The European Union ◽  
Regional Study ◽  
Member States ◽  
The Impact

The aim of the article was to identify the determinants of income of representative farms at the level of European Union regions. For this purpose, FADN data was used for the years 2004-2017. Due to varied conditions of agricultural development, EU regions were divided into groups according to seniority of members. Income was examined using basic panel regression and quantile panel regression models using the extended Cobb-Douglas formula. Apart from the basic input of production factors (labour, capital and land), the impact of subsidies as well as production and financial management strategies in the farms were also investigated. It was found that farm income in so-called new member states were more sensitive to growing specialization, direct payments and capital expenditure, while, in the so-called old EU, there was a relatively high elasticity of income in relation to the labour factor. On the other hand, income was negatively affected by an increase in the level of financial leverage. The results of the quantile regression model show that, with increasing farm income, the role of labour and land factors decreases, while the significance of the capital factor remains relatively constant.

scholarly journals Potentials for Improving Financial Management Capacities in Serbian Public Administration

2019 ◽  
Vol 17 (3) ◽  
pp. 435-451
Author(s):  
Željko Spasenić ◽  
Sladjana Benkovic ◽  
Veljko Dmitrović
Keyword(s):  
European Union ◽  
Public Administration ◽  
Financial Management ◽  
Internal Audit ◽  
Civil Servants ◽  
Financial Control ◽  
The European Union ◽  
Member States ◽  
The Republic

In the process of joining the European Union the Republic of Serbia is expected to meet the requirements that are deemed to be universally accepted norms of social and government systems of member states. As part of that process, Serbia’s public administration, much less efficient than that of member states, is being transformed with a view to attaining the expected efficiency level. The aim of this paper is to give an overview of the existing capacities of civil servants in the Republic of Serbia in the area of financial management and the potentials for their improvement. The paper is based on the results of a research conducted under the CBHE ERAMSUS+ project, on a sample of 231 civil servants in the Serbian public administration engaged on budgeting, financial control and internal audit in the period March – May 2017. Authors of the paper were actively involved in the project.

scholarly journals HAVE PUBLIC DEBT LEVELS RESTRICTED ANTI-CORONAVIRUS FISCAL RESPONSES? EVIDENCE FROM EUROPE

2020 ◽  
Vol 5 (2) ◽  
pp. 1
Author(s):  
Mohammed Kalloub ◽  
Ahmed Musabeh ◽  
Koutibah Alrifai
Keyword(s):  
European Union ◽  
Public Debt ◽  
Financial Management ◽  
Graphical Representation ◽  
Negative Impact ◽  
Panel Data Analysis ◽  
Future Research ◽  
Unique Contribution ◽  
The European Union ◽  
The Impact

Purpose: This study was conducted to analyze the impact of public debt stock in 12 European countries on the size of primary[1] anti-coronavirus fiscal responses, and to explore the general characteristics of these packages in sample countries. Methodology: The sample included only countries from the European Union due to homogeneity in economic standards and legal framework beside the availability of data. However, graphical representation along with regression anlaysis were performed, our key findings indicate a significant negative impact of public debt on the size of primary anti-coronavirus fiscal response and expect a second wave of government borrowing in the near term. Findings: However, this study sheded the light on public debt confirming the importance of maintaining reasonable levels, as a policy recommendation; governments in the European Union are advised to conduct more efforts to reduce public debt stocks and to adopt new effective public financial management rules to overcome the high debt dilemma, since countries with low debt stocks have initiated the largest packages among the sample. Unique contribution to theory, practice and policy: The study recommends that employing data from different geographical areas and occasions to gather more evidence on this topic. Moreover, stimulus packages may be in effect for further periods. Therefore, a series of observations might be accumulated and utilized in panel data analysis to form a cogent evidence on this topic by future research efforts.   [1] Primary fiscal responses are the first fiscal packages announced between the period between March-May 2020.

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