Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-14-Speech-2-220"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2002-05-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Public finances in EMU2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20020514.11.2-220"2
lpv:hasSubsequent	lp_eu:2002-05-14-Speech-2-2212
lpv:speaker	lp:Solbes2
lpv:translated text	"If I have properly understood, your question refers to the importance we attach to the issue of structural deficits and to better control of public spending. With regard to the structural deficit, it is true that the Stability Pact lays down nominal objectives. It requires the Commission to assess, however, whether or not its objectives are being met. We have introduced the concept of structural deficit in order to undertake this assessment and to discover the extent to which deviations are the consequence of developments in the economic cycle. The basic difficulty consisted of finding a system that was acceptable to everyone with regard to developing this concept of structural deficit, which we are currently achieving in cooperation with the Council. With regard to the problems of cutbacks in spending, it is true that the Stability Pact only lays down obligations for deficit. Changes in income and expenditure are entirely a national decision on which every Member State must decide for itself. All that we are doing in this new report is assessing what type of expenditure has the greatest effect in terms of the Lisbon commitments. Logically, the same operation will have to be undertaken in future for revenues."@en1

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