Rethinking the European Union’s post-Brexit budget priorities. Bruegel Policy Brief ISSUE 1 | MARCH 2018

Darvas, Zsolt and Wolff, Guntram B. (2018) Rethinking the European Union’s post-Brexit budget priorities. Bruegel Policy Brief ISSUE 1 | MARCH 2018. [Policy Paper]

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Abstract

There will be a €94 billion Brexit-related hole in the EU budget for 2021-27 if business continues as before and the United Kingdom does not contribute. The authors show that freezing agriculture and cohesion spending in real terms would fill the hole, but new priorities would then need to be funded by an increase in the percent of GNI contribution.

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