15 Amendments of Irene TINAGLI related to 2023/0136(NLE)
Amendment 16 #
Proposal for a directive
Recital 11
Recital 11
(11) Biased and unrealistic macroeconomic and budgetary forecasts for the annual and multiannual budget legislations can considerably hamper the effectiveness of fiscal planning and consequently impair commitment to budgetary discipline. To improve baseline assumptions and provide unbiased assessments of the fiscal impact of various policy measures, the macroeconomic and budgetary forecasts of the Member States should be endorsed or producproduced or supported by an independent fiscal institution.
Amendment 20 #
Proposal for a directive
Recital 13
Recital 13
(13) Independent bodies charged with monitoring public finances in the Member States are an essential building block ofcan be a support to develop effective budgetary frameworks. Regulation (EU) No 473/2013 of the European Parliament and of the Council28 requires Member States whose currency is the euro to have independent fiscal institutions tasked with the endorsement or productionproduction or support of macroeconomic forecasts and establishes specific safeguards regarding their independence and technical capacity. Given the positive contribution to public finance of independent bodies, those requirements should be extended to all Member States. In order to foster fiscal discipline and strengthen the credibility of fiscal policy, such bodies should also contribute to budgetary planning by either producing or endsupporsting the forecasts and debt analyses used by the government, and by carrying out independent assessments of fiscal policies and monitoring compliance with the fiscal framework. __________________ 28 Regulation (EU) No 473/2013 of the European Parliament and of the Council of 21 May 2013 on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area (OJ L 140, 27.5.2013, p. 11).
Amendment 43 #
Proposal for a directive Sole Article – Paragraph 1 – point 3 – point a Directive 2011/85/EU
Article 4 – paragraph 1
Article 4 – paragraph 1
1. Member States shall ensure that annual and multiannual fiscal planning is based on realistic macroeconomic and budgetary forecasts using the most up-to- date information. Budgetary planning shall be based on the most likely macrofiscal scenario or on a more prudent scenario. The macroeconomic and budgetary forecasts shall be either produced or endorsed by independent fiscal institutions established in accordance with Article 8. They shall be compared with the most updated forecasts of the Commission. Significant differences between the macroeconomic and budgetary forecasts of the Member State and the Commission’s forecasts shall be explained, including where the level or growth of variables in external assumptions departs significantly from the values contained in the Commission’s forecasts.
Amendment 47 #
Proposal for a directive Sole Article – Paragraph 1 – point 3 – point c Directive 2011/85/EU
Article 4 – paragraph 5
Article 4 – paragraph 5
5. Member States shall specify which institution is responsible for producing macroeconomic and budgetary forecasts. At least annually, the Member States and the Commission shall engage in a technical dialogue concerning the assumptions underpinning the preparation of macroeconomic and budgetary forecasts.
Amendment 51 #
Proposal for a directive Sole Article – Paragraph 1 – point 3 – point c Directive 2011/85/EU
Article 4 – paragraph 6
Article 4 – paragraph 6
6. The macroeconomic and budgetary forecasts for annual and multiannual fiscal planning produced by the national institutions shall be subject to regular, objective and comprehensive evaluation by an independent body, including ex post evaluation. The result of that evaluation shall be made public and taken into account appropriately in future macroeconomic and budgetary forecasts. If the evaluation detects a significant bias affecting macroeconomic forecasts over a period of at least 4 consecutive years, the Member State concerned shall take the necessary action and make it public.
Amendment 54 #
Proposal for a directive Sole Article – Paragraph 1 – point 5 – point a Directive 2011/85/EU
Article 6 – paragraph 1 – point b
Article 6 – paragraph 1 – point b
Amendment 56 #
Proposal for a directive Sole Article – Paragraph 1 – point 5 – point b Directive 2011/85/EU
Article 6 – paragraph 2
Article 6 – paragraph 2
If numerical fiscal rules contain escape clauses, such clauses shall set out a limited number of specific circumstances, consistent with the Member States’ obligations deriving from the TFEU and Regulation [XXX preventive arm of the SGP], and stringent procedures in which temporary non-compliance with the rules is permitted. Escape clauses shall have clear time limits.
Amendment 65 #
Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4
Article 8 – paragraph 4
4. Member States shall ensure that the iInstitutions referred to in paragraph 1 have the following tasks:
Amendment 66 #
Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point a
Article 8 – paragraph 4 – point a
(a) producing or supporting the annual and multiannual macroeconomic and budgetary forecasts underlying the government’s medium-term planning or endorsing those used by the budgetary authorities;
Amendment 73 #
Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point b
Article 8 – paragraph 4 – point b
(b) producing or supporting debt sustainability assessments underlying the government’s medium-term planning or endorsing those provided by the budgetary authorities;.
Amendment 77 #
Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point c
Article 8 – paragraph 4 – point c
(c) producing or supporting assessments on the impacts of policies on fiscal sustainability and sustainable and inclusive growth or endorsing those provided by the budgetary authorities;
Amendment 79 #
Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point d
Article 8 – paragraph 4 – point d
Amendment 80 #
Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point e
Article 8 – paragraph 4 – point e
Amendment 82 #
(f) conducting, on a regular basis, reviews of the national budgetary framework, in order to assess the consistency, coherence and effectiveness of the framework, including mechanisms and rules that regulate fiscal relationships between public authorities across sub- sectors of general government;.
Amendment 90 #
Proposal for a directive Sole Article – Paragraph 1 – point 9 – point b – point ii Directive 2011/85/EU
Article 9 – paragraph 2 – point c
Article 9 – paragraph 2 – point c
(c) a description of medium-term policies, including investment and reforms, and if applicable, specifying the investments and reforms in EU common priorities, envisaged with an impact on general government finances and sustainable and inclusive growth, broken down by major revenue and expenditure item, showing how the adjustment towards the national budgetary objectives over the medium term as referred to in Article 2, point (e), is achieved compared to projections under unchanged policies.;