Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-04-25-Speech-3-436"
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"en.20070425.40.3-436"2
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".
Mr President, on behalf of Commissioner Almunia, I would like to thank you for this very constructive debate. He sends his apologies for not being here today owing to other unavoidable work engagements.
As mentioned by Members, the strong economic recovery currently under way in Europe and in the euro area presents Member States with an opportunity to improve public finances to prepare for future challenges such as the ageing population. As a result of this, the Commission published its report on the long-term sustainability of public finances in October 2006 and emphasises the importance of addressing the sustainability challenge in the context of ageing-related expenditure.
The Commission considers the idea of setting a uniform calendar for budgetary procedures across the EU an interesting one. We need, however, to be prudent, since it would need the support of the Member States. Furthermore, its practical implementation would be somewhat complicated. Having said that, last Friday the Ecofin informal meeting dealt with the medium-term review of stability objectives ahead of the Member States’ preparation of national budgets. This is an important step towards a more consistent and coordinated way of establishing national budgets."@en1
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