Brexit and its consequences for the finances of the European Union Cover Image

Konsekwencje brexitu dla finansów Unii Europejskiej
Brexit and its consequences for the finances of the European Union

Author(s): Kamil Kotliński
Subject(s): Politics / Political Sciences, Economy
Published by: Kancelaria Sejmu
Keywords: Brexit; budget of the European Union;2021–2027 Multiannual Financial Framework;

Summary/Abstract: The aim of the article is to identify the consequences of Brexit from the point of view of the EU finances. The first section focuses on the share of member states in the EU budget revenue. The author attempted to estimate the additional contribution of each member state. The second section briefly shows in which EU programmes the UK still takes part. The third section concentrates on the adjustment of the shares in the capital of the European Investment Bank and the European Central Bank to the reduced number of shareholders. The next part discusses the budgetary correction mechanisms as a historical remnant of the British rebate. In the last section the author describes the Brexit Adjustment Reserve, which supports regions and sectors most affected by the United Kingdom’s withdrawal from the European Union.

  • Issue Year: 2021
  • Issue No: 3
  • Page Range: 133-152
  • Page Count: 20
  • Language: Polish
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