Audiovisual work-Podcast: The Monster under the Bed - Brief history of the European Union Budget

PODCAST: The budget of the European Union has three pillars: its expenditure, its financing and its audit. The podcast "The Monster under the Bed" looks at the origins of the budget, its development through multiannual planning and annual budgeting, and the institutions involved in its financing, adoption, control and in the audit process. Since the creation of the European Coal and Steal Community (ECSC) in 1952, there has been a tension over budgeting among the European institutions and the Member States, and a close link between reforms to expenditure and those to the financing.