24 Amendments of Mario BORGHEZIO related to 2011/0386(COD)
Amendment 17 #
Proposal for a regulation
Recital 1
Recital 1
(1) The Treaty requires that Member States' regard their economic policies as a matter of common concern and that their budgetary policies are guided by the need for sound public finances and that their economic policies do not risk jeopardising the proper functioning of Economic and Monetary Union.
Amendment 21 #
Proposal for a regulation
Recital 3
Recital 3
(3) The amendments to the Stability and Growth Pact increase both the guidance, and, for the Member States whose currency is the euro, incentives for the setting and the implementation of a prudent budgetary policy, while avoiding excessive government deficits. These provisions have created a more robust framework at the level of the Union for the surveillance of national economic policies.
Amendment 25 #
Proposal for a regulation
Recital 5
Recital 5
(5) Strong public finances are best ensured at the planning stage and gross errors should be identified as early as possible. Member States shcould benefit not just from the setting of guiding principles and budgetary targets but also from a synchronised monitoring of their budgetary policies.
Amendment 29 #
Proposal for a regulation
Recital 6
Recital 6
Amendment 32 #
Proposal for a regulation
Recital 7
Recital 7
(7) There is strong evidence showing the effectiveness of rules-based fiscal frameworks in supporting sound and sustainable fiscal policies. The introduction of national fiscal rules that are consistent with the budgetary objectives set at Union level should be a crucial element to ensure the respect of the Stability and Growth Pact provisions. In particular, Member States should put in place structural balanced budget rules which transpose into national legislation the main principles of the Union fiscal framework. This transposition should be effective through binding rules preferably of a constitutional nature so as to demonstrate the strongest commitment of national authorities in relation to the Stability and Growth Pact.
Amendment 37 #
Proposal for a regulation
Recital 10
Recital 10
Amendment 40 #
Proposal for a regulation
Recital 11
Recital 11
(11) Member States whose currency is the euro and which are subject to an excessive deficit procedure should be monitored more closely to secure a full and timely correction of the excessive deficit. A closer monitoring should ensure early correction of any deviations from the Council recommendations to correct the excessive deficit. Such monitoring should complement the provisions set out in Regulation (EC) No 1467/97observed more closely. The modalities of this closer monitoring should be graduated depending on the stage of the procedure the Member State is subject to, as provided for in Article 126 of the Treaty.
Amendment 43 #
Proposal for a regulation
Recital 12
Recital 12
(12) The closer monitorobserving for Member States subject to an excessive deficit procedure should allow the identification of risks in the compliance of a Member State's deadline to correct the excessive deficit. In the event of such risks being identified, the Commission should issue a recommendation to the Member State for measures to be taken within a given timeframe that should be presented to the Parliament of the Member State concerned at its request. This assessment should allow rapid correction of any developments putting at risk the correction of the excessive deficit within the established deadline. Assessment of compliance with this Commission recommendation should be part of the continuous assessment made by the Commission of effective action to correct an excessive deficit. When deciding whether effective action to correct the excessive deficit has been taken, the Council should also base its decision on whether or not the Member State complied with the Commission recommendation.
Amendment 48 #
Proposal for a regulation
Article 1 – paragraph 1 – point b
Article 1 – paragraph 1 – point b
(b) complementing the multilateral surveillanceobservation system of budgetary policies as established by Regulation (EC) No 1466/97 with additional monitoring requirements in order to ensure that Union policy recommendations in the budgetary area are appropriately integrated in the national budgetary preparations;
Amendment 52 #
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. Member States shall make publicdefine annually their medium-term fiscal plans in accordance with their medium-term budgetary framework based on independent macroeconomic forecast together with their Stability Programmes, no later than 15 April.
Amendment 53 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
Amendment 54 #
Proposal for a regulation
Article 3 – paragraph 3
Article 3 – paragraph 3
3. Budget laws for the general government shall be adopted and made public annually no later than 31by December.
Amendment 59 #
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
Amendment 61 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
Amendment 62 #
Proposal for a regulation
Article 5 – paragraph 3 – introductory part
Article 5 – paragraph 3 – introductory part
3. The draft budgetary plan shallcan contain the following information for the forthcoming year:
Amendment 67 #
Proposal for a regulation
Article 5 – paragraph 3 – point b
Article 5 – paragraph 3 – point b
(b) the projections at unchanged policies for expenditure and revenue as a percentage of GDP for the general government and their main components.;
Amendment 68 #
Proposal for a regulation
Article 5 – paragraph 3 – point c
Article 5 – paragraph 3 – point c
Amendment 69 #
Proposal for a regulation
Article 5 – paragraph 3 – point d
Article 5 – paragraph 3 – point d
(d) a detailed description and a well- documented quantification of the measures to be included in the budget for the year to come in order to bridge the gap between the targets referred to in point (c) and the projections at unchanged policies provided in accordance with point (b). The description may be less detailed for measures with a budgetary impact estimated to be lower than 0.1% of GDP. Particular attention shall be paid toof the major fiscal policy reform plans with potential spillover effects for other Member States whose currency is the euro.
Amendment 71 #
Proposal for a regulation
Article 5 – paragraph 3 – point f
Article 5 – paragraph 3 – point f
Amendment 80 #
Proposal for a regulation
Article 6 – paragraph 3
Article 6 – paragraph 3
3. The Commission shallmay make an overall assessment of the budgetary situation and prospects in the euro area as a whole. The assessment shall be made public.
Amendment 82 #
Proposal for a regulation
Article 6 – paragraph 4
Article 6 – paragraph 4
4. The Eurogroup shallmay discuss opinions of the Commission on the national budgetary plans and the budgetary situation and prospects in the euro area as a whole on the basis of the overall assessment made by the Commission in accordance with paragraph 3. The assessment shall be made public.
Amendment 84 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
Amendment 88 #
Proposal for a regulation
Article 7 – paragraph 6 – point a
Article 7 – paragraph 6 – point a
Amendment 96 #
Proposal for a regulation
Article 12 – paragraph 1
Article 12 – paragraph 1