The European Union Budget Revenues after Brexit
Absztrakt :
This paper discusses legal and financial aspects of Brexit with a main focus on conditions needed for effcient generation of the revenues of the European Union. The paper is not definitive as Brexit negotiations are not complete yet; it aims to provide an update of legal changes that shape the ability of the European Union to maintain the revenue side of the Multiannual financial framework 2014–2020. The primary purpose of this contribution is to confirm or disprove the hypothesis that in effect of Brexit the European Union will lose the revenues and that new reforms concerning new revenues are necessary. To achieve the abovementioned goal, it will be necessary to describe the issue of the revenues of the European Union and then estimate the amount that will lack in the EUs budget after Brexit.