Which of the following statements most accurately describes the EU budget?
A) It is not based on a need for revenue and expenses matching, primarily funded by EU member contributions and value added tax.
B) It is based on a principle of revenue and expenses matching, primarily funded by EU wide taxation.
C) It is based on a principle of revenue and expenses matching, exclusively funded by EU member contribution.
D) It is based on a principle of revenue and expenses matching, primarily funded by EU member contributions and value added tax.

Question

Quizplus · Accepted Answer

The EU budget operates on the principle of balancing revenue and expenses, with its primary funding sources being contributions from EU member states and revenues generated from value-added tax.

Which of the Following Statements Most Accurately Describes the EU