Five Proposals for Enforceable EU Fiscal Rules

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Publication Date April 2023
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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.

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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

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