Informal Accords and Budgetary Politics
In order to better gauge the effect of informal interorganizational dynamics, this chapter examines informal accords in the budgetary sphere. This policy area is particularly important, as informal interorganizational dynamics effectively originated in the budgetary sphere, in large part because of exigencies stemming from political discord between the two arms of the EU's budgetary authority—the Council and the Parliament. Notably, a significant segment of the rules that govern the EU's annual budgetary procedure stem not from the Treaty and Article 272, but from a series of informal accords stretching back to 1975. Indeed, the formal Treaty provisions that pertain to budgetary policy‐making have gone unchanged for three decades; the EU budget procedure, however, has changed substantially—entirely informally.
Keywords: informal accords, economic accords, budgetary politics, interinstitutional agreements, budgetary procedure, budgetary authority
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