MOTION FOR A RESOLUTION on increasing the actual or planned government deficit-to-GDP ratio to 5 % if the national debt-to-GDP ratio is below 60 %

5.5.2020

pursuant to Rule 143 of the Rules of Procedure

Viktor Uspaskich

B9‑0154/2020

Motion for a resolution on increasing the actual or planned government deficit-to-GDP ratio to 5 % if the national debt-to-GDP ratio is below 60 %

The European Parliament,

– having regard to Rule 143 of its Rules of Procedure,

A. whereas a country's deficit should only be used to finance investments that will bring benefits in the future;

B. whereas increased public investment would support economic activity while creating the conditions for economic growth;

C. whereas in 2018, in 12 of the 28 EU Member States, GDP per capita was less than two-thirds of the European Union average;

D. whereas achieving convergence and the reduction of disparities between Member States requires structural reforms based on public investment, with the aim of promoting sustainable economic growth, employment growth and greater competitiveness;

1. Calls for the actual or planned government deficit-to-GDP ratio to be increased to 5 % if the national debt-to-GDP ratio is below 60 %, in order to foster sustainable growth and higher employment in developing EU Member States.