Options for an EU Financing Reform

This paper presents a reflection on the future of the EU budget, with a particular focus on EU financing. The debate on a reform of the EU financing system encompasses two main dimensions: the structure of EU financing and, in particular, whether the Union should be financed via "genuine own resources"; the correction mechanisms and the way to either eliminate or adapt them. These dimensions are analysed in depth in the paper. This allows presenting three main medium- to long-term scenarios for a financing reform.