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Assessment of EU fiscal rules with a focus on the six and two-pack legislation

European Fiscal Board (efb)
Authors registered in the RePEc Author Service: Mateusz Szczurek

Reports from European Fiscal Board

Abstract: On 11 September 2019, the European Fiscal Board (EFB) published an assessment of the EU fiscal rules. The assessment was produced in response to a dedicated request by Commission President Jean-Claude Juncker as part of an ongoing comprehensive review of the EU fiscal framework with a focus on the six and two-pack legislation. It was carried out against three main criteria: (1) ensuring the long-term sustainability of public finances; (2) stabilising economic activity in a counter-cyclical fashion; and (3) improving the quality of public finances. The EFB proposes to overcome the complexity of the current EU fiscal framework by simplifying the EU fiscal rules and by improving the governance of the fiscal framework. The EFB advocates for a reformed Stability and Growth Pact which would be based on one single target (sustainable public debt), one single instrument (controlling net expenditure growth) and one general escape clause.

Pages: 119 pages
Date: 2019-08-01
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (27)

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Persistent link: https://EconPapers.repec.org/RePEc:aon:report:2019

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