Some Relations between the European Union Budget and the Budgets of Member Countries in the Context of the Two Crisis (Financial Crisis of 2008, Pandemic Crisis – Covid -19) – Data Analysis

Abstract:

The beginning of the 21st century surprised the economies of the countries of the world with the experience of two types of crisis, the financial crisis of 2008 and, respectively, the pandemic crisis - COVID 19; the interval between the moments of their onset can be relatively short, if you take into account the elapsed period, which exceeded by two years, the first two decades of the century. The motivation of the paper is given by the author's intention to observe some aspects regarding the evolution of the relationship between the European Union budget and the budgets of the European Union countries in the context of the two types of crises that have affected the world's economies.The intention of the originality of the work can be considered from the chosen theme that aims to capture the effects of the two crises reflected in the indicator data over a certain time interval; the data are observed at the level of the budgets of the member countries, in relation to the budget of the European Union. The research methodology was the documentation from the specialty literature, for formulate ideas and interpretate in the author’s own vision, as well as the analysis of statistical data referring to budget revenues and expenditures of Member States. The results of the paper capture different situations observed from the analysis that indicate relationships between the indicators - the share of the budget expenditures of each member country in the expenditures of the Union budget and respectively of the budget revenues of each member country in the total revenues of the EU budget, expressed by increase or decrease, also, reflected in the evolution of the deficit /surplus.One can observe the implications of the two crises on the revenue and expenditure budgets of each Member State in relation to the EU budget, a guiding element in taking recovery measures, as the case may be.