European Union: Public Finance

This is the fourth edition of European Union Public Finance. Like its predecessors, it comes out at a key moment for European integration.The purpose of this publication is to provide an insight into Community public finances that, if not exhaustive, is at least wide-ranging and accurate and to gain a better understanding of the financial aspects of the process of building Europe.The finances of the European Union are in constant development. The system they represent is both a legacy of the past, which explains some of its complexity, and an ongoing effort to improve and adapt. Further changes will be needed in the years ahead.