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There are a number of important advantages related to the existing financing system. In particular, the current financing system performs very well in terms of budgetary criteria. Indeed, the existence of a GNI-based residual contribution in combination with the Inter-institutional agreement has ensured a smooth adoption of the EU budget since 1988. The size of the EU budget is now constrained by agreements on expenditure rather than scarcity of funding. In this sense, one can say that the financial autonomy of the Union is limited.
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