Berlin Formula – Formula that determines the allocation of structural funds in cohesion policy.
CAP – Common Agricultural Policy.
COREPER - Council of Permanent Representatives
Direct Payments - Payments directly paid out to farmers as part of the CAP.
EFRD – European Fund for Regional Development. One of the structural funds that are part of cohesion policy.
ESF – European Social Fund. One of the structural funds that are part of cohesion policy.
GNI – Gross national income
juste retour – Principle that member states who pay into the budget also receive a fair amount in return.
Net contributor / net payer – Member state that pays more contributions to the EU budgets than it receive in funds
Net recipient – Member state that receives more funds from the EU budget than it pays in contributions
Objective “Convergence” (formerly objective 1) – Funding from the structural funds (ERDF and ESF) for regions with a GDP below 75% of the EU average. Main part of cohesion policy.
Objective “Regional Competitiveness and Employment” (RCE, formerly objective 2) – Funding for from the structural funds (ERDF and ESF) for regions with a GDP larger than 75% of the EU average.
Own resources – The financing side of the budget, consisting of three elements:
1) Traditional Own Resources (TOR; agricultural and customs duties); 2) VAT resources; 3) GNI-based resources
UK Rebate – The reduction of the UK’s contributions.