Abstract:

The withdrawal of the United Kingdom from the European Union and the negotiations on the Multiannual financial framework 2021-2027 prompted a discussion on the possible liquidation of correction mechanisms in the EU budget and thus simplification of the EU's own revenue system. The article attempts to estimate the changes in the contribution to the EU budget after the UK withdrawal and resignation from any correction mechanisms. Two research problems were posed - what would the payments of member states to the EU budget look like after elimination of the British rebate or other correction mechanisms, and which country would gain and lose with each of the solutions, taking into account the net budgetary balances concerning EU budget. In the considerations, Eurostat data from 2014-2019 were used, taking into account the currently functioning correction mechanisms and scenario analysis. The balances of the member states were calculated based on the modified formula of the European Commission. The research was limited only to determining possible changes in amounts of payments to the EU budget. This research may contribute to the ongoing negotiations and scientific debate on the European Union's financial plans for the next seven years.