Cities and regions demand new revenue sources for the EU budget

Cities and regions demand new revenue sources for the EU budget

​ Local leaders are worried that the new own resources proposed by the European Commission will not be enough to finance the EU's challenges and repay the debt generated by the Recovery Plan.

The budget of the European Union needs new sources of revenue not only to repay the common debt created by the EU Recovery Plan, but also to increase the Union's financial autonomy in a permanent way. 

However, the new own resources proposed by the European Commission, on which the other EU institution are now negotiating, will not be enough to finance new tasks for the European Union and to keep supporting priorities such as the fight against climate change and territorial disparities. 

These are the main messages of the opinion on the "next generation of own resources for the EU budget" adopted on 30 November at the plenary of the European Committee of the Regions (CoR).(...)