What percentage of the EU-28's gross national income does the EU budget represent?

The EU budget represents approximately 1% of the EU-28's gross national income. This percentage is significant as it illustrates the scale of the EU's financial resources relative to the economic output of its member states. The budget is primarily funded by contributions from member countries and is allocated towards various programs, including regional development, agriculture, and research.

This 1% figure is crucial for understanding EU financial policies and planning as it reflects the extent of the EU's commitment to funding initiatives that benefit the collective economic and social objectives of the member states. It is important for stakeholders to recognize that this percentage has implications for discussions around budget negotiations, allocation of resources, and priorities for EU spending.