European Parliament Committee on Budgets

The Committee on Budgets (BUDG ) is one of the twenty standing committees of the European Parliament. Committee Chairman since the 2009 European elections, the Frenchman Alain Lamassoure (EPP ). It decides on the budget of the European Union.

The Committee is responsible for the financial perspective of the receipts and expenditure of the European Union and on their own resources. It deals with the powers of Parliament in setting the annual budget and its decentralized agencies, with the financial activities of the European Investment Bank and the European Development Fund in the budget. He also examines the financial impact of all EU instruments and tracks the execution of each current year's budget.

The counterpart of the Budget Committee of Ministers is the Council of Economics and Finance. The responsible member of the European Commission Commissioner for Financial Programming and Budget. Like the budget committees in other parliaments is one of the BUDG to the more important parliamentary committees, as this will incur the decisions on the funding of individual institutions and programs. However, the European Union may yet raise their own taxes, and is key to their other revenue in the last resort not the European Parliament, but the Council of Ministers. It is different with the issues over which the Parliament has the last word. An exception to this is made ​​up to the Lisbon Treaty, the Common Agricultural Policy, which accounted for a large proportion of the total budget, and fell within the exclusive competence of the Council; now, however, Parliament has the full participation of all components of the budget.