9 Amendments of Lídia PEREIRA related to 2023/0136(NLE)
Amendment 4 #
Proposal for a directive
Recital 2
Recital 2
(2) Building upon the experience gained with the economic and monetary union since Directive 2011/85/EU came into force, namely on crisis situations like the Covid-19 pandemic or the ongoing illegal war of aggression in Ukraine, it is necessary to amend its requirements regarding the rules and procedures forming the budgetary frameworks of the Member States, guaranteeing systematic coherence within the Economic Governance instruments and focusing on the promotion of responsible and accountable fiscal and budgetary policies, inclusive and sustainable growth, effective reforms, quality investment, productivity and intergenerational fairness.
Amendment 5 #
Proposal for a directive
Recital 4
Recital 4
(4) Commission Communication of 5 February 202018 pointed to substantial but uneven progress in the development of national budgetary frameworks considering that Union law only sets minimum requirements and that implementation and compliance with national provisions had been very diverse across Member States. That Communication also considered the extent to which the framework would support economic, environmental and social policy needs related to the transition towards a climate- neutral, resource-efficient and digital European economy, complementing the key role of the regulatory environment and structural reforms. __________________ 18 Communication COM(2020) 55 final of 5 February 2020 from the Commission ‘Economic governance review, Report on the application of Regulations (EU) No 1173/2011, 1174/2011, 1175/2011, 1176/2011, 1177/2011, 472/2013 and 473/2013 and on the suitability of Council Directive 2011/85/EU’.
Amendment 7 #
Proposal for a directive
Recital 5
Recital 5
(5) Commission Communication of 11 December 2019 on the European Green Deal19 called for a greater use of green budgeting tools to redirect public investment, consumption and taxation to green priorities and away from harmful subsidies. The European Climate Law sets a Union-wide climate neutrality objective by 2050 and requires Union institutions and Member States to progress in enhancing adaptive capacity. The Commission committed to working with the Member States to screen and benchmark green budgeting practices. Commission Communication of 24 February 2021 on the new EU strategy on adaptation to climate change20 pointed to the macro-fiscal relevance of climate change and highlighted the need to increase Union’s resilience to the impacts of climate change. The European Semester provides an additional framework to support such efforts and the Technical Support Instrument offers practical assistance for their implementation. __________________ 19 Communication COM(2019) 640 final from the Commission ‘The European Green Deal’. 20 Communication COM(2021) 82 final from the Commission ‘Forging a climate- resilient Europe - the new EU Strategy on Adaptation to Climate Change’.
Amendment 12 #
Proposal for a directive
Recital 8
Recital 8
(8) This Directive is part of a package together with Regulation (EU) [XXX]22 of the Parliament and of the Council replacing Regulation (EC) No 1466/9723 (the preventive arm of the Stability and Growth Pact) and Council Regulation [XXX]24 amending Council Regulation (EC) No 1467/9725 (the corrective arm of the Stability and Growth Pact). Together, they establish a reformed Union economic governance framework that incorporates into Union law the substance of Title III ‘Fiscal Compact’ of the inter-governmental Treaty on Stability, Coordination and Governance (TSCG) in the Economic and Monetary Union26 , in accordance with Article 16 thereof. Title III is binding on the Member States whose currency is the euro and, on a voluntary basis, on Bulgaria, Denmark and Romania. By building on the experience with the implementation of the TSCG by the Member States, the package retains the Fiscal Compact’s medium-term orientation as a tool to achieve budgetary discipline and growth promotion. The package includes a strengthened country- specific dimension aimed at enhancing national ownership, including by means of a stronger role for independent fiscal institutions, which draws on the Fiscal Compact’s common principles proposed by the Commission27 in accordance with Article 3(2) of the TSCG. The analysis of expenditure net of discretionary revenue measures for the overall assessment of compliance required by the Fiscal Compact is set out in Regulation [XXX] replacing Regulation (EC) No 1466/97. As in the Fiscal Compact, significant temporary deviations from the medium-term plan are allowed only in exceptional circumstances in Regulation [XXX] replacing Regulation (EC) No 1466/97. Similarly, in case of significant deviations from the medium- term plan, measures should be implemented to correct the deviations over a defined period of time. The package strengthens fiscal surveillance and enforcement procedures to deliver on the commitment of promoting sound and sustainable public finances and sustainable growth. The economic governance framework reform, thus, retains the fundamental objectives of budgetary discipline and debt sustainability set out in the TSCG. __________________ 22 Regulation (EU) of the European Parliament and of the Council of [insert date] [insert full title] (OJ L ..). 23 Council Regulation (EC) No 1466/97 of 7 July 1997 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies (OJ L 209, 2.8.1997, p. 1). 24 Regulation (EU) of the Council of [insert date] [insert full title] (OJ L ..). 25 Council Regulation (EC) No 1467/97 of 7 July 1997 on speeding up and clarifying the implementation of the excessive deficit procedure (OJ L 209, 2.8.1997, p. 6). 26 Treaty on Stability, Coordination and Governance in the Economic and Monetary Union of 2 March 2012. 27 Communication COM(2012) 342 final of 20 June 2012 from the Commission ‘Common principles on national fiscal correction mechanisms’.
Amendment 17 #
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 produced by an independent fiscal institution.
Amendment 28 #
Proposal for a directive
Recital 18
Recital 18
(18) Similarly, transparency regarding the type and size of tax expenditures and resulting revenue lossax expenditures is necessary to provide a more profoundbetter understanding of the extent to which fiscal policy and budgetary planning are aligned with government priorities, the national medium-term plan and the objectives related to sustainable and inclusive growth, investment and reforms, productivity and intergenerational fairness.
Amendment 45 #
Proposal for a directive Sole Article – Paragraph 1 – point 3 – point b Directive 2011/85/EU
Article 4 – paragraph 4
Article 4 – paragraph 4
Amendment 91 #
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, envisaged with an impact on general government finances and sustainable and inclusive growth, and productivity 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.;
Amendment 103 #
Proposal for a directive Sole Article – Paragraph 1 – point 13 Directive 2011/85/EU
Article 14 – paragraph 2
Article 14 – paragraph 2
2. Member States shall publish detailed comprehensive information on the impact of tax expenditures on revenues and expected consequences on productivity levels, competitiveness and general contribution for the national budgetary objectives as referred to in Article 2, point (e), based on a transparent methodology.