Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-288-000"
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"en.20110928.19.3-288-000"2
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"We need to draw on the experience of the first decade of the Economic and Monetary Union. Recent economic developments have posed new challenges to the conduct of fiscal policy across the Union and have in particular highlighted the need for uniform requirements as regards the rules and procedures for establishing the budgetary frameworks of the Member States. Member State governments and government sub-sectors maintain accounting systems which include elements such as bookkeeping, internal control, financial reporting and audits. These should be distinguished from statistical data which relate to the results of public finances based on statistical methodologies, and from forecasts or budgeting actions which relate to future public finances. Complete and reliable public accounting practices for all sectors of general government are a precondition for the production of high quality statistics that are comparable across Member States. The availability of fiscal data is crucial to the proper functioning of the budgetary surveillance framework of the Union. Regular availability of timely and reliable fiscal data is the key to proper and well-timed monitoring. In my view a fundamental element in ensuring the quality of these data is transparency, which should incorporate their regular availability."@en1
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