82

result(s)

Word(s)
Publication type
Policy area
Author
Keyword
Date

Implementation of the Stability and Growth Pact (May 2018)

18-05-2018

This document gives an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact (SGP) on the basis of (1) the latest Council decisions and recommendations in the framework of the SGP; (2) the latest European Commission (COM) economic forecast; and (3) the latest COM Opinions on compliance of the Draft Budgetary Plans (DBPs) of euro area Member States with the SGP. The document is regularly updated.

This document gives an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact (SGP) on the basis of (1) the latest Council decisions and recommendations in the framework of the SGP; (2) the latest European Commission (COM) economic forecast; and (3) the latest COM Opinions on compliance of the Draft Budgetary Plans (DBPs) of euro area Member States with the SGP. The document is regularly updated.

Structural Budget Balances in EU Member States

18-05-2018

Structural budget balances play an important role in the fiscal policy frameworks of the EU both as part of the application of the Stability and Growth Pact (SGP) and in the implementation of the balanced budget rule by the contracting parties of the intergovernmental Treaty on Stability, Coordination and Governance in the EMU (the fiscal section of the Treaty is called “Fiscal Compact”). This document provides a short overview of the concept and application of the structural balance rule(s) in ...

Structural budget balances play an important role in the fiscal policy frameworks of the EU both as part of the application of the Stability and Growth Pact (SGP) and in the implementation of the balanced budget rule by the contracting parties of the intergovernmental Treaty on Stability, Coordination and Governance in the EMU (the fiscal section of the Treaty is called “Fiscal Compact”). This document provides a short overview of the concept and application of the structural balance rule(s) in the EU. It will be regularly updated, in particular, the annex that shows progress made (based on the latest Commission forecast) by Member States in reaching their structural budget commitments under the preventive arm of the SGP. his briefing provides an overview of the role played by independent national fiscal bodies in the preparations of forthcoming budgets in EU Member States.

Macro-Financial Assistance to EU Member States - State of Play, May 2018

15-05-2018

This document provides regularly updated information on EU Member States receiving financial assistance from the ESM, the EFSF, the EFSM, the EU balance of payments assistance facility, other Member States and/or the IMF. It also covers the post-programme reviews undertaken by the European Commission (EC) in liaison with the ECB (Post-Programme Surveillance, PPS), the IMF (Post-Programme Monitoring, PPM) and the ESM (Early Warning System, EWS).

This document provides regularly updated information on EU Member States receiving financial assistance from the ESM, the EFSF, the EFSM, the EU balance of payments assistance facility, other Member States and/or the IMF. It also covers the post-programme reviews undertaken by the European Commission (EC) in liaison with the ECB (Post-Programme Surveillance, PPS), the IMF (Post-Programme Monitoring, PPM) and the ESM (Early Warning System, EWS).

Tax collection in Greece: State of play - April 2018

27-04-2018

This briefing provides an overview of taxation developments in Greece, based on the following recent data: (1) latest publicly available facts and figures from the Greek tax administration, Eurostat and the OECD; (2) progress on tax reforms as assessed by the Commission in its compliance report (of March 2018) as part of the third programme review.

This briefing provides an overview of taxation developments in Greece, based on the following recent data: (1) latest publicly available facts and figures from the Greek tax administration, Eurostat and the OECD; (2) progress on tax reforms as assessed by the Commission in its compliance report (of March 2018) as part of the third programme review.

How could the Stability and Growth Pact be simplified?

25-04-2018

This note provides a summary of three external papers requested by the ECON Committee in the context of the Parliament scrutiny activities of the Euro area. The main objective of these papers is to advance proposals on how the fiscal rules of the Stability and Growth Pact could be simplified, in order to enhance its credibility, transparency and enforceability, while allowing some room for flexibility. Several EU insitutions have recognised the complexity of the SGP and the consequent need for ...

This note provides a summary of three external papers requested by the ECON Committee in the context of the Parliament scrutiny activities of the Euro area. The main objective of these papers is to advance proposals on how the fiscal rules of the Stability and Growth Pact could be simplified, in order to enhance its credibility, transparency and enforceability, while allowing some room for flexibility. Several EU insitutions have recognised the complexity of the SGP and the consequent need for simplification: some relevant positions are reported in this note as well.

The role of national fiscal bodies: State of play (April 2018)

10-04-2018

This briefing provides an overview of the role played by national fiscal institutions in the preparations of forthcoming budgets in EU Member States. As part of the scrutiny of the implementation of the economic governance framework in the European Union, the objective of the briefing is twofold: 1) to give and overview of the extent to which the Stability or Convergence Programmes and the Draft Budgetary Plans contain information about the involvement of independent national fiscal bodies in the ...

This briefing provides an overview of the role played by national fiscal institutions in the preparations of forthcoming budgets in EU Member States. As part of the scrutiny of the implementation of the economic governance framework in the European Union, the objective of the briefing is twofold: 1) to give and overview of the extent to which the Stability or Convergence Programmes and the Draft Budgetary Plans contain information about the involvement of independent national fiscal bodies in the preparation of these programmes/plans; and 2) to give an overview of the current set-up and role of these independent fiscal bodies based on the most recent assessment by the European Commission.

Economic Dialogue with the President of the Eurogroup - ECON on 21 February 2018

19-02-2018

Mário Centeno, President of the Eurogroup since 13 January 2018, has been invited to a regular Economic Dialogue, notably in accordance with Article 2ab of Regulation 1466/97 as amended. This briefing provides an overview of the ongoing work of the Eurogroup as regards public finances, macro-economic imbalances, financial adjustment programmes and the banking union. As the President of the Eurogroup, Mr Centeno has also been appointed as Chairman of the Board of Governors of the European Stability ...

Mário Centeno, President of the Eurogroup since 13 January 2018, has been invited to a regular Economic Dialogue, notably in accordance with Article 2ab of Regulation 1466/97 as amended. This briefing provides an overview of the ongoing work of the Eurogroup as regards public finances, macro-economic imbalances, financial adjustment programmes and the banking union. As the President of the Eurogroup, Mr Centeno has also been appointed as Chairman of the Board of Governors of the European Stability Mechanism.

Thematic overview: Member States whose 2018 Draft Budgetary Plans are "at risk of non-compliance" with the Stability and Growth Pact

24-01-2018

This briefing gives an overview of recent European Commission (COM) assessments of the budgetary situation of six Member States (Belgium, France, Italy, Austria, Portugal and Slovenia) whose 2018 Draft Budgetary Plans (DBPs) are considered to be “at risk of non-compliance” with their obligations under the Stability and Growth Pact (SGP). This briefing will be updated as further assessments by the COM become available during spring 2018.

This briefing gives an overview of recent European Commission (COM) assessments of the budgetary situation of six Member States (Belgium, France, Italy, Austria, Portugal and Slovenia) whose 2018 Draft Budgetary Plans (DBPs) are considered to be “at risk of non-compliance” with their obligations under the Stability and Growth Pact (SGP). This briefing will be updated as further assessments by the COM become available during spring 2018.

Economic Dialogue and Exchange of Views with the Presidents of the Council (ECOFIN)

23-01-2018

Toomas Tõniste, Minister of Finance of Estonia, is participating in the ECON Committee in his capacity of the outgoing President of the ECOFIN Council following the Estonia’s Presidency (July - December 2017). Vladislav Goranov, Minister of Finance of Bulgaria, is participating in the ECON Committee in his capacity of the incoming President of the ECOFIN Council during the Bulgaria’s Presidency (January - July 2018). This briefing provides an overview of the main achievements of the Estonian Presidency ...

Toomas Tõniste, Minister of Finance of Estonia, is participating in the ECON Committee in his capacity of the outgoing President of the ECOFIN Council following the Estonia’s Presidency (July - December 2017). Vladislav Goranov, Minister of Finance of Bulgaria, is participating in the ECON Committee in his capacity of the incoming President of the ECOFIN Council during the Bulgaria’s Presidency (January - July 2018). This briefing provides an overview of the main achievements of the Estonian Presidency, the Bulgaria Presidency priorities in the economic and financial areas, the recent developments under the European Semester, the implementation of the SGP, the MIP as well as the Banking Union. Finally, it presents the latest developments under the third financial assistance programme to Greece. According to the Treaty of the Union “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”.

The EU framework for fiscal policies

01-01-2018

To ensure the stability of the Economic and Monetary Union, the framework for avoiding unsustainable public finances needs to be strong. A reform (part of the ‘Six-Pack’) amending the Stability and Growth Pact entered into force at the end of 2011. Another one, the intergovernmental Treaty on Stability, Coordination and Governance, including the Fiscal Compact, entered into force in early 2013. A regulation on assessing national draft budgetary plans (part of the ‘Two-Pack’) entered into force in ...

To ensure the stability of the Economic and Monetary Union, the framework for avoiding unsustainable public finances needs to be strong. A reform (part of the ‘Six-Pack’) amending the Stability and Growth Pact entered into force at the end of 2011. Another one, the intergovernmental Treaty on Stability, Coordination and Governance, including the Fiscal Compact, entered into force in early 2013. A regulation on assessing national draft budgetary plans (part of the ‘Two-Pack’) entered into force in May 2013.

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