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Europe, 17 billion new revenues per year

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“All Member States will find it in their interest to see these own resources introduced! » : Wednesday 22 December, the Commissioner responsible for the budget, the Austrian Johannes Hahn, showed himself to be sure of himself when presenting a basket of three new own resources for the European Union (EU).

300 billion euros in subsidies

Own resources are financing that goes directly to the EU budget, without coming from national purses. The new revenue being studied would be used to reimburse the 300 billion euros in subsidies granted to Member States to fight against Covid-19 and which will have to be reimbursed by 2058. This is what these should be used for. own resources.

According to the Commission, these “new generation” own resources must come from the Carbon Border Adjustment Mechanism, the EU Emissions Trading System (ETS), and the profits reallocated to States from very large companies multinationals within the framework of the global agreement on taxation reached at the OECD in October.

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17 billion per year

In total, according to calculations by the EU executive, these new sources of revenue should generate on average up to €17 billion per year for the EU budget. In detail, a contribution of 12 billion euros per year on average is expected through the ETS – which is also set to evolve in order to cover, in addition to traditional sectors such as industry or electricity , road transport and construction.

The carbon border adjustment mechanism should bring in 1 billion euros per year. This new tool (still under negotiation) aims to tax EU imports in the steel, aluminium, cement, fertilizer and electricity sectors. Finally, if “pillar 1” of the OECD agreement on the taxation of multinationals is finalized, the new own resource that could result from it would bring in between 2.5 and 4 billion euros per year for the EU. “These proposals contradict all the fake news claiming that citizens would pay for the recovery plan”, says MEP Valérie Hayer (Renew Europe).

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Find an agreement

It is still necessary to obtain the unanimous agreement of the Twenty-Seven. It is not won: if France is in favor of the introduction of new own resources, Germany has long been against it. The new Chancellor Olaf Scholz, he seems rather favorable. But the “frugal” States, led by the Netherlands, which had held back when the recovery plan was put in place, see in these own resources a deepening of EU integration which they do not necessarily want. .

→ REREAD. European recovery plan: the “frugal” on the brake

That said, without new own resources, reimbursement of the recovery plan risks going hand in hand with an increase in national contributions to the European budget, or with cuts in Community programs such as Erasmus (for education) or Horizon Europe (for research ). A scenario that the European Commission wants to avoid.

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