Budgetary Position of the Czech Republic in 2004-2008 Cover Image

Pozice ČR vůči rozpočtu EU v letech 2004-2008
Budgetary Position of the Czech Republic in 2004-2008

Author(s): Jiří Dušek, Ladislav Skořepa
Subject(s): Micro-Economics, Economic history, Economic development, Transformation Period (1990 - 2010), EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting
Published by: Vysoká škola evropských a regionálních studií, z. ú.
Keywords: EU budget; expenditure; budgetary position;

Summary/Abstract: In 2008-2009, for the first time ever, the largest share of the EU budget (45 % of all EU spending) will go on measures to boost economic growth and greater cohesion in the EU-27, by narrowing the gap between richer and poorer member states. Between 2007 and 2013, these priorities will account for around 38 % of the total budget of more than € 900 billion for the whole period. Agriculture’s share of the budget has dropped by half over the last 40 years as a result of reforms to agricultural spending, a broader view of the rural economy - and above all expansion of the EU’s other responsibilities. The remainder of the money goes on a wide range of policies, including lifelong learning, security and justice for all citizens, research and innovation, development assistance, food aid and humanitarian assistance. The Czech Republic possesses one of the most prosperous economies in post-Communist Europe. Although domestic demand has increased in importance in the past five years, the steady economic development can be attributed to exports to the European Union and a robust recovery of investment from both foreign and domestic sources. Microeconomic reforms have contributed to a steady annual growth, price stability, and a decrease in unemployment. EU accession has been a major catalyst to these reforms, and moving forward, the effective use of allocated funds from Brussels should significantly support the output of the growth.

  • Issue Year: 2009
  • Issue No: 1
  • Page Range: 9-13
  • Page Count: 5
  • Language: Czech