Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-454-000"
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"en.20110623.37.4-454-000"2
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The Commission proposes to reinforce Member States’ compliance with the Stability and Growth Pact, deepen fiscal policy coordination, set minimum requirements for fiscal frameworks and specify the mechanisms for enforcing the current rules.
We welcome the proposal put forward to ensure improvements in national fiscal frameworks and to encourage Member States to make better fiscal decisions in the future. Likewise, we support the establishment of independent budgetary offices, national fiscal rules and mandatory multi-year budgeting to provide greater economic and monetary stability. We believe that the requirements for national budgetary frameworks should not only ensure that fiscal planning of Member States is based on realistic forecasts, but should also ensure that appropriate attention is given to the sustainability of their respective social protection systems, including pension and health care systems.
Lastly, we believe that the requirements for national budgetary frameworks should be designed in such a way as to encourage Member States and leave them room for manoeuvre for development-oriented public investments, such as in education and training, contributing to the achievement of the EU’s growth and employment objectives."@en1
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