The budgetary procedure (1 December 2009)

Diagram showing the budgetary procedure as provided for in Article 314 of the Treaty on the Functioning of the European Union (EU). Following the entry into force of the Treaty of Lisbon on 1 December 2009, the European Parliament shares the power to decide on the entire annual budget of the EU with the Council of the European Union and it has the final say.

Source and copyright

Source: European Union– Europarl – Budgetary procedure [ON-LINE]. [Strasbourg]: European Parliament, [01.03.2014].

Copyright: (c) European Parliament

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