A Targeted Golden Rule for Public Investments?. A Comparative Analysis of Possible Accounting Methods in the Context of the Review of the Stability and Growth Pact

Atanas Pekanov and Margit Schratzenstaller
Additional contact information
Atanas Pekanov: WIFO

in WIFO Studies from WIFO

Abstract: The necessary green transition in the EU requires substantial additional green public investment (GPI) by member countries throughout this decade and beyond. This briefing paper discusses four approaches for a reform of EU fiscal rules to better accommodate higher (debt-financed) GPI: (1) an exemption clause for GPI, (2) the implementation of a green golden rule, (3) a country-specific benchmark share of government expenditures dedicated to GPI recommended by the European Commission, and (4) an EU Climate Fund. We also discuss these options in relation to the recent Commission proposal from November 2022. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee.

Date: 2023 Written 2023-02-17
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/70628 abstract (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wfo:wstudy:70628

Access Statistics for this book

More books in WIFO Studies from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Florian Mayr ().