European Union financial report 1995

Abstract

This principle, w·hich is enshrined in At1icle 199 of the Treaty, means that all EU expendi-ture and revenue must be incorporated m a single budget document. In the early years of the Community, the autonomy of the institutions set up under the ECSC, EEC and Euratom Treaties resulted in up to five separate budgets being produced to cover any one year. Since the Treaty of Lux-embourg of 22 April 1970, the Community's essential financial activities have tended to move towards a unified budget, and there are now only two budget documents: the general budget and the ECSC operating budget.