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G. L. Tosato - The Union’s budget balance pursuant to art. 310 TFEU: What is the impact on European anti-coronavirus measures?

In a period in which European anti-coronavirus measures are being heatedly discussed, it is necessary to verify which constraints in their adoption can derive from art. 310 TFEU. This rule states that "revenue and expenditure must be in balance" in the Union budget. The balance-sheet requirement is confirmed by art. 17 of the Union’s Financial Regulation (Regulation 2018/1406), which states that the Union cannot take out loans.

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The budget balance of the Union .pdf150.16 KB