ABSTRACT

With the budgetary reform of 1988, the level of conflict declined sharply between the two arms of the budgetary authority in the annual budgetary procedure. Both institutions adopted annual budgets without major political clashes and persistent contestation. The two pillars of the institutional reform, the financial perspective and the interinstitutional agreement, were twice renewed, in 1992/93 and in 1999, and significantly changed EU budgetary politics.