Flexibility of the SGP rules: strengthening the link between investment, structural reforms and fiscal responsibility

 

SUMMARY OF:

Communication (COM(2015) 12 final) – Making the best use of the flexibility within the existing rules of the Stability and Growth Pact

WHAT IS THE AIM OF THE COMMUNICATION?

KEY POINTS

Clarifications on structural reforms

Clarifications regarding investment

The Commission states the following.

Clarifications regarding cyclical conditions

To better take into account the fluctuations of the economic cycle, the Commission will use a matrix that specifies the appropriate fiscal adjustment expected from countries in the preventive arm of the SGP. This means that these countries must make a greater fiscal effort when times are better.

BACKGROUND

MAIN DOCUMENT

Communication from the Commission to the European Parliament, the Council, the European Central Bank, the Economic and Social Committee, the Committee of the Regions and the European Investment Bank: Making the best use of the flexibility within the existing rules of the Stability and Growth Pact (COM(2015) 12 final, 13.1.2015)

last update 30.03.2017