THE EUROPEAN BUDGET AND THE MECHANISM FOR PROTECTION EU’S FINANCIAL INTERESTS

ZHIVKO RAIKOV

 

Abstract

The objectives of the present paper are to clarify the process of forming the European budget (the budget of the European Union) in its revenue part, the respective part of involvement of the member countries and the funds received by these very same countries from the budget. The forming of the budget is also a starting point for implementation of the European Commission’s strict approach for a lawful, targeted and effective usage of the EU funds by the member countries, and especially for exercising of a monitoring on the newly accepted countries Bulgaria and Romania. The other purpose of the paper is to provide a short presentation of the mechanism for protection of the EU’s financial interests in the execution of the EU budget and the spending of the funds by separate EU programmes and projects.

 

Key words

European budget, EU’s financial interests, financial audit

 

References

Official Journal of the European Union, vol. 29.09.2000, 14.03.2008

Eurostat, Economy and Finance Database

Public finances in EMU-2008/Commission COM/2008/387/findl/

EEA (Grants: EEA financial mechanism)

Nikolov, C., International public finance, Blagoevgrad, 2006

Ganchev, G., Macroeconomic and structural policies before and after the accession of Bulgaria to the EU, Siela, Sofia, 2005

Stoilova, D., Economics of the Public Sector, Blagoevgrad, 2007

Ministry of Finance of the Republic of Bulgaria
www.minfin.bg

Protection of the European Union Financial Interests - AFCOS Directorate, Ministry of Interior, Republic of Bulgaria
www.afkos.mvr.bg/working _docs/-working papers OLAF и AFCOS, 11.4.2002, 28.07.2002

European Commission – Financial Program and Budget - 2007, 2008

European Commission –Economic and Financial Affairs-Stability and Growth Pact, 2008

European Court Auditors, Special Reports, 5/2008;

Commission Report to the European Parliament and to the Council, Protection of the Communities’ financial interest - Annual report 2007, /SEC/2008-2300, 2301, 22.7.2008

Commission of the European Communities, Report of the Commission to the European Parliament and the Council - on the management of EU funds in Bulgaria, Brussels, СОМ/2008/496 final report, 23.7.2008

 

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