UK net contributor EU

The first EU budget at 27

The First EU Budget At 27

At the start of 2018, the different EU countries and European institutions began to negotiate the next EU budget for financing common policies during the period 2021-27. Although the common budget is modest – it represents 2% of the Union’s total public spending andUR 1.03% of the EU’s GNI – it amounts to an expression of the political priorities of the Union, CaixaBank Research says. It will be the first post-Brexit. With the departure of the UK, the EU loses a significant net contributor.