Auditing receipts of the EU budget

What is meant by receipts of the EU budget? The Court of Auditors audits the receipts of the general budget of the European Communities. These receipts consist of "own resources" that include VAT; resources based on the Gross National Product which the...

What is meant by receipts of the EU budget?

The Court of Auditors audits the receipts of the general budget of the European Communities. These receipts consist of "own resources" that include VAT; resources based on the Gross National Product which the member states contribute towards the EU budget; customs duties; agricultural levies and sugar levies.

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