“Welcome to the fourth edition of European Union public finance, which provides a comprehensive update on EU budgetary and financial developments. Over the past 20 years, the EU has carried out significant reforms to the way money is made available for the EU budget as well as to its financial and budgetary procedures. These changes have accompanied and helped to deepen European integration. In todays Union of 27 countries, this edition comes at a time when effective financial and budgetary management is more important than ever before.”
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