Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-292-062"

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"en.20110928.19.3-292-062"2
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"Incorrect and unrealistic macroeconomic and budgetary forecasts can seriously undermine the effectiveness of fiscal planning, and can compromise commitment to budgetary discipline, while transparency and debating methods of forecasting can significantly increase the quality of the macroeconomic and budgetary forecasts that are needed for budgetary planning. One crucial element in ensuring the use of realistic forecasts for the conduct of budgetary policy is transparency, which entails the publication not only of the official macroeconomic and budgetary forecasts, but also of the methodologies, assumptions and parameters on which such forecasts are based. In order to facilitate the preparation of the forecasts used in budgetary planning and to clarify the differences between the forecasts of the Commission and those of the Member States, every year each Member State should have the opportunity to discuss the assumptions underlying the preparation of its macroeconomic and budgetary forecasts with the Commission."@en1

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