EU own resources system (codification of Regulation 89/728/EEC)

This procedure aims to simplify and consolidate the rules governing the EU's 'own resources,' which are the primary sources of revenue used to fund the European Union's budget. By codifying existing regulations into a single legal act, the EU seeks to make the financial framework more transparent and easier to manage.

This affects the EU's financial administration and the member states responsible for contributing to the budget. It ensures a clearer legal basis for how funds are collected to protect the EU's financial interests against fraud.