This final paper presents analysis of the European Union budget. It shows his income and expenses. The introductory part shows the procedure for adopting the budget and the principles that are applied. Furthermore, the structure of the budget was analyzed through the categories of income and expenditure, specifying certain types and methods of acquisition or redistribution. For the topic of the paper, it is important to start from the creation of the European Union, and the paper also provides basic information about its institutions that participate in budget processes. The following shows the current long-term budget for the seven-year period with reference to the annual budget of the year 2023 at the end of the work. The research methods used are: analysis of documents of European Union institutions and available books, magazines and scientific papers. The task of this paper is to contribute to a better understanding of the voting, adoption and execution of the budget along with the analysis of the structure of its revenues and expenditures. Due to the development of turbulent events in the world such as the COVID-19 virus pandemic, the war in Ukraine, the energy and migrant crises and Brexit, it is logical that the budget of the European Union will undergo important changes