EN
The author sketches out the legal basis for the Community financial system including the stages of the EU budgetary procedure and the prerogatives of the institutions. The purpose of the article is to define the successive stages of the EU budgetary procedure, which present a number of unique features that national procedures do not. The EC Treaty establishes the respective powers of each of the two arms of the budgetary authority (European Parliament and Council) and the Commission in conducting this procedure. The author underlines the growing role of the European Parliament in the budgetary procedure, a role which is a sign of the Community’s developing financial system and one which creates favourable conditions for further integration.