GNP based fourth own resource

4.138 The 'GNP based fourth own resource' created by the Council Decision of 24 June 1988 on the system of Communities' own resources is a current transfer paid by the general government of each Member State to the Institutions of the European Union.

It is a residual contribution to the budget of those Institutions, which is assessed on the levels of GNP of each of the countries.

Time of recording: GNP based fourth own resource is recorded when it is to be paid.

In the system of accounts, GNP based fourth own resource appears:

1. among uses in the secondary distribution of income account of general government;
2. among resources in the external account of primary incomes and current transfers.