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EN
This article reports on the key issues regarding the multi‑annual financial framework for the years 2014–2020. In the first section, the authors look at the budget revenues in the wider context of the proposed reforms and extra‑budgetary sources of financing EU policies. An overview of the European Added Value – the foundation for the MFF – is presented as well. Next, the expenditures during the next MFF, including its volume, structure, and flexibility, are analysed. The final section explores the institutional aspects of the MFF decision‑making procedure and achievements of the negotiations to date.
Studia BAS
|
2012
|
issue 3(31)
223-240
EN
The aim of this paper is to present an alternative financing mechanism that could be used in the next programming period. The first section briefly examines the main differences between a financing system that is based on grants and one that is based on financial instruments. Next, the author describes the financial engineering instruments used at the national and EU levels. The final section assesses the advantages and disadvantages of financial mechanisms that combine financial instruments with private capital. As the SWOT analysis shows, the financial engineering instruments could be effectively used to increase the absorption of EU funds in the period 2014–2020.
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