Five Proposals for Enforceable EU Fiscal Rules

Author (Person)	Tordoir, Sander
Author Details	(et al.)
Publisher	Centre for European Reform (CER)
Series Title	CER Policy Brief
Publication Date	April 2023
Content Type	Research Paper
	Summary: The EU’s fiscal rules, which guide and constrain member-states’ budget policies, are in desperate need of reform. They are too complicated, impose unrealistic demands on some countries, and lead to government overspending in economic booms and underspending in recessions. Unsurprisingly, countries barely comply with them. This policy brief makes several proposals to make fiscal rule enforcement work better in the future.
Source Link	Primary Source https://www.cer.eu/publications/archive/policy-brief/2023/five-proposals-enforceable-eu-fiscal-rules Alternative Source Alternative sources https://www.cer.eu/sites/default/files/pb_ST_fiscal_17.4.23.pdf
Related Links	ESO Records European Commission: DG Economic and Financial Affairs: COM (2023) 240: Proposal for a Regulation on the effective coordination of economic policies and multilateral budgetary surveillance and repealing Council Regulation (EC) No 1466/97 https://www.europeansources.info/record/proposal-for-a-regulation-on-the-effective-coordination-of-economic-policies-and-multilateral-budgetary-surveillance-and-repealing-council-regulation-ec-no-1466-97/
Subject Categories	Economic and Financial Affairs
Subject Tags	Fiscal Policy, National Budgets
Keywords	EU Fiscal Rules
International Organisations	European Union [EU]