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title: Annex - Legal Basis for the Establishment of the EU budget
---

**Treaty on the Functioning of the European Union (TFEU), Title II - Financial Provisions - Articles 310 to 325:**[^ftnt33]

Article 310: *“The Union’s annual budget shall be established by the European Parliament and the Council (...). The revenue and expenditure shown in the budget shall be in balance”.*

Article 311: *“The Union shall provide itself with the means necessary to attain its objectives and carry through its policies”.*

Article 312: *“The multiannual financial framework shall ensure that Union expenditure develops in an orderly manner and within the limits of its own resources. It shall be established for a period of at least five years. The annual budget of the Union shall comply with the multiannual financial framework”.*

Article 314: *“The European Parliament and the Council, acting in accordance with a special legislative procedure, shall establish the Union’s annual budget (...)”.*

Article 318: *“The Commission shall submit annually to the European Parliament and to the Council the accounts of the preceding financial year relating to the implementation of the budget”.*

Article 319: *“The European Parliament, acting on a recommendation from the Council, shall give discharge to the Commission in respect of the implementation of the budget”.*

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