24 Amendments of Damian BOESELAGER related to 2024/2112(INI)
Amendment 6 #
Motion for a resolution
Citation 34 a (new)
Citation 34 a (new)
– Having regard to Commissioner- designate Valdis Dombrovskis confirmation hearing on 7th November 2024,
Amendment 7 #
Motion for a resolution
Recital A
Recital A
A. whereas the European Semester plays an essential role in coordinating economic and budgetary policies in the Member States and should contribute to the achievement of EU social and environmental objectives;
Amendment 12 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
E a. Whereas in 2023, 5 EU countries had current account surpluses, ranging from 6% to 10% of GDP, pointing out fiscal space for structural investments;
Amendment 13 #
Motion for a resolution
Recital E b (new)
Recital E b (new)
E b. whereas the Draghi report18a estimates the EU annual investment need at €800bn, including €450bn for the energy transition, and from which €260 billion should come from the public sector according to Institut Rousseau19a; _________________ 18a The future of European competitiveness – A competitiveness strategy for Europe, Mario Draghi, 2024. 19a Road to Net Zero: ‘Bridging the Green Investment Gap’, Institut Rousseau, 2024
Amendment 16 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes that, in the last few years, the EU has demonstrated a highcertain degree of resilience in the face of major shocks, among other factors, thanks to a coordinated policy response; and more fiscal integration with the implementation of joint debt instruments, further recalls that promoting sustainable growth in a sustained manner means promoting responsible fiscal policies, structural reforms and investments that increase productivity;
Amendment 18 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Recalls that the EU is facing significant investment gaps, in particular in the areas of competitiveness, defence and the digital and green transition; believes that the lion’s share of the effort will have to come from the private sector, though public investment will also have a supporting role to play e.g., via de-risking instruments; takes note that the fact that the new economic governance framework facilitates and encourages Member States to implement necessary reforms and to invest in those areas and calls for these investments to be in line with European common priorities;
Amendment 21 #
Motion for a resolution
Paragraph 1 c (new)
Paragraph 1 c (new)
1 c. Recalls that climate change is heavily affecting public finance including due to the increased frequency and impact of natural disaster; recalls the increased costs of various sources of pollution for the health sector and public spending; calls on Member States to make the necessary investments to improve climate change adaptation and mitigation and the resilience of the EU economy;
Amendment 22 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Believes that overcoming competitive and geopolitical challenges will require the transfer of expenditure to the EU level in certain policy areas related to European public goods to increase the efficiency of overall public expenditure; welcomes and to provide the necessary resources; welcomes, in this regard, the Union’s commitment to increasing its spending efficiency and investments in overall defence capabilities to match its needs in the context of rising threats and security challenges, and highlights the need to unlock more green and digital investments for the joint transition and enhance resilience in line with our Union’s policy commitments;
Amendment 29 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Highlights the fact that a consistent, resilient, clean and comprehensive industrial policy is vital toaligned with the Green Deal objectives will help increase investments in the EU’s innovation capacity, while preserving competitiveness and the integrity of the single market via a thorough assesment of the impact of subsidies, with the aim of reducing barriers to enter the market;
Amendment 38 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Stresses that high debt levels with a bad debt structuring, without a credible medium-term fiscal-structural plans and growth prospects may contribute to undermine economic stability and the capacity to respond to crises; is concerned that the public debt ratio is projected to increase (to 83.0 % in the EU and 89.6 % in the euro area) in 2025, up from the levels in 2024 (82.4 % for the EU and 89.1 % for the euro area), underlines the need to ensure sufficient levels of investment even in scenarios where member states do not have sufficient fiscal space;
Amendment 39 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Emphasizes that sustainable growth can be achieved through better resource allocation across the single market by harmonizing national regulatory framework such as solvency laws;
Amendment 40 #
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5 b. Underlines the need for a fiscal stabilisation tools in the Eurozone, but also the Union as a whole as a follow-up to the RRF and BICC/RSP;
Amendment 42 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Recalls that the reform aims to make the framework simpler, more transparent and effective, with greater national ownership and better enforcement; recalls, furthermore, that it aims to strengthen fiscal sustainability through gradual and tailor-made adjustments complemented by reforms and investments and to promote countercyclical fiscal policies, calls for an inclusion of environmental and social objectives due to the interplay with fiscal sustainability;
Amendment 45 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10 a. Notes that the fact that the net expenditure indicator excludes expenditure on programmes of the Union fully matched by Union funds and expenditure on programmes funded by the Union; considers that this approach will contribute to strengthening the synergies between the EU budget and the national budgets of the Member States, thereby reducing fragmentation and increasing the efficiency of public spending as a whole; believes that those synergies can also be increased when extensions of the adjustment period are granted to Member States committing to a set of investments and reforms which contribute to addressing the main challenges identified in the European Semester, in particular the country-specific recommendations, and the common priorities of the Union;
Amendment 46 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Regrets that not all Member States were able to submit their national medium- term fiscal-structural and draft budgetary plans on time; underlines that this constitutes a major setback for the effective implementation of the new rules and their credibility; reaffirms the importance of the timely submission of draft budgetary plans to translate commitments outlined in fiscal plans into concrete policies;
Amendment 49 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that 18 Member States have proposed deviations from the expenditure path determined by the Commission, resulting, in some cases, in higher average expenditure growth; laments the fact that these deviations are justified on the basis of significant discrepancies between Member States’ economic assumptions and those of the Commission; calls on the Commission to ensure that economic arguments underpinning the new paths proposed by Member States are sound and data-driven; regrets that Member States are delaying their fiscal adjustments to the end of the period, coinciding with slower GDP growth; calls on the Commission to prevent procyclical policies and establish tools to counter the cycle from the EU level;
Amendment 52 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Agrees with the Eurogroup that, given the macroeconomic outlook for 2025, gradual and sustained fiscal consolidation in the euro area continues to be necessary; highlights the need to reduce the high levels of deficit and debt in a way that minimises the impact on growth, preserving the necessary investments for green transition and ensuring a high level of employment and social inclusion;
Amendment 55 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Notes that the implementation of the revised governance framework is expected to lead to a contractionary fiscal stance for the euro area as a whole in 2024 and 2025, which is appropriate in light of the macroeconomic outlook and the need to continue to enhance fiscal sustainability and support the ongoing disinflationary processereas the RRF balances investment levels in the short term, a permanent fiscal instrument should be introduced to keep an ambitious level of investments in the European Union;
Amendment 56 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16 a. Notes the fact that the consolidation in 2025 is coupled with continued growth in public investment; notes, furthermore, the significant impact of the Recovery and Resilience Facility (RRF) and EU funds in several Member States on the forecast expansion of public investment, underpinned by an acceleration of the absorption of EU funds, in particular NextGenerationEU and cohesion policy; calls for such instruments to be continued in a context of fiscal contraction at national level.
Amendment 58 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Considers that the rigorous application of the fiscal rules themselves is not a sufficient condition for achieving an optimal fiscal stance at all times; calls on the Commission and the Council to propose aco-legislators to propose a fiscal stabiliser mechanism that helps ensure that the cyclical position for the EU as a whole is at all times appropriate to the macroeconomic outlook;
Amendment 61 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Recalls the Member States’ obligation to address the relevant CSRs under the European Semester in their national fiscal plans, calls for Member States to be explicit about how they plan to operationalize their CSRs in their national plans by defining clear milestones and targets, recommends that CSRs as well as national climate and energy plans should inform the reforms and investments part of the new MFF;
Amendment 62 #
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19 a. Calls for more democratic oversight in the definition and implementation of the CSRs;
Amendment 64 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Highlights the fact that implementing CSRs on strengthening the fiscal sustainability of public pension systems and the cost-effectiveness of health and long-term care systems, while safeguarding care for vulnerable groups, in the face of ageing populations should remain a key objective for the Member States;
Amendment 65 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20 a. Emphasises that we need a comprehensive alignment between EU long-term common priorities, country specific recommendations, national climate and energy plans, and medium term national plans within the new MFF;