First financial contract
The first financial contract within the European Communities ( contract amending certain budgetary provisions of April 22, 1970), which came into force on February 1, 1971, regulated the management of EU own resources by the European Commission and the European Parliament .
background
At the summit in The Hague in 1969 , the introduction of EC own funds , which Hallstein had called for , was decided. The first financial contract negotiated as a result was signed in Luxembourg on April 22, 1970 and came into force on January 2, 1971. The European Parliament was involved in drawing up and adopting the budget - but not in the area of so-called “compulsory expenditure”, i.e. H. especially the expenditure on the common agricultural policy , which at that time made up around 90% of the total budget. The subsequent Second Financial Contract ( Treaty amending certain budgetary provisions of July 22, 1975), which came into force on December 31, 1977, changed the rules for the management of the EC budget by the Commission and Parliament and established the European Court of Auditors (ECA for short).
Web links
- Treaty amending certain budgetary provisions of the Treaties establishing the European Communities and the Treaty establishing a Joint Council and Commission of the European Communities In: EUR-Lex .
Individual evidence
- ↑ Announcement concerning the date of entry into force of the Treaty on April 22, 1970 in Luxembourg to amend certain budgetary provisions of the Treaties establishing the European Communities and the Treaty establishing a Joint Council and Commission of the European Communities In: Official Journal of the European Union . L 2, January 2, 1971, p. 12.
Applicable treaties: Treaty on European Union | Treaty on the Functioning of the European Union | Euratom Treaty
Founding and amending treaties : ECSC Treaty (1951) | Treaties of Rome : EEC Treaty , Euratom Treaty (1957) | Merger Treaty (1965) | First financial contract (1970) | Second financial contract (1975) | Single European Act (1986) | Maastricht Treaty (1992) | Treaty of Amsterdam (1997) | Treaty of Nice (2001) | Lisbon Treaty (2007)
Accession and Withdrawal Treaties: 1972 | 1979 | Greenland Treaty (1984) | 1985 | 1994 | 2003 | 2005 | 2011 | Brexit (2020)
Rejected contracts: EVG contract (1952) | Treaty establishing a Constitution for Europe (2004)