Financing of public functions based on the budget of the European Union Cover Image

Финансирање јавних функција по основу буџета Европске уније
Financing of public functions based on the budget of the European Union

Author(s): Milenko U. Dželetović
Subject(s): Economy, Law, Constitution, Jurisprudence
Published by: Институт за међународну политику и привреду
Keywords: European Union;budget;public finance;specificity;Serbia

Summary/Abstract: The study coincides with the attention to the EU budget as specificity of a public finance. In modern conditions the budget of each state, as an institution of public finances, attracts the attention of the general public. Height of the budget is limited and depends primarily on the financial resources of each State, or the level of GDP to be achieved. The scope of the budget should be based on real needs. The author considers the process of making a budget, usually in the form of law. This is primarily because the budget is an institution that realizes the funding of public functions. The budget contributes to the normal functioning of the modern state in condition of financial crisis. On the other side, the budget as an institution of public finances is also present in the most important international economic organizations, the EU. That was the main motive and goal of this paper to examine its specificity in relation to other countries that operate independently. On the basis of these attitudes can be concluded that the budget itself and all that accompanies it is very dynamic, variable and very important phenomenon. The European Union with its 28 members and almost 500 million people has a great responsibility to every budget and VFO reconcile the different interests of the member states, on the other hand that every citizen of the Union has benefited from the adopted budget.

  • Issue Year: 2015
  • Issue No: 54
  • Page Range: 125-133
  • Page Count: 9
  • Language: Serbian