26 Amendments of Denis NESCI related to 2023/0138(COD)
Amendment 189 #
Proposal for a regulation
Recital 8
Recital 8
(8) Detailed rules should therefore be laid down regarding the content, submission, assessment and monitoring of the national medium-term fiscal-structural plans, in order to promote debt sustainability and sustainable and inclusive growth in the Member Stat, investments and reforms, the common priorities of the Union, and sustainable and inclusive growth in the Member States, as well as to ensure the adequacy of the Union’s fiscal policies and prevent the occurrence of excessive government deficits through medium-term planning.
Amendment 209 #
Proposal for a regulation
Recital 12
Recital 12
(12) In order to simplify the Union fiscal framework and increase transparency, a single operational indicator anchored in debt sustainability should serve as a basis for setting the fiscal path and carrying out annual fiscal surveillance for each Member State. That single operational indicator should be based on nationally financed net primary expenditure, that is to say expenditure net of discretionary revenue measures and excluding interest expenditure as well as cyclical unemployment expenditure and, expenditure on Union programmes fully matched by revenue from Union funds. This indicator allows for macro-economic stabilisation as it is not affected by the operation of automatic stabilisers, including revenue and expenditure fluctuations outside the direct control of, national expenditure on co-financing of programmes funded by the Union and national expenditure on projects related to Recovery and Resilience Facility loans, both capped with a limit of 0.5% of GDP, cyclical elements of unemployment benefit expenditure and costs related to the borrowing of funds for the loans related to the National Plans in accordance with the gRecovernmenty and Resilience Facility and with Regulation (EU) 2021/241.
Amendment 218 #
Proposal for a regulation
Recital 13
Recital 13
(13) To provide guidance to the Member States ininitiate the drafting of theirits national medium-term fiscal-structural plan, the Commissioneach Member State should put forward a proposal for a technical trajectory to the Commission. The trajectory should be based on the minimum fiscal adjustment that brings the debt trajectory of the Member State on a plausibly downward path or maintains debt at a prudent level. It should also ensure that the public debt ratio at the end of the planning horizon declines below its level in the year before the start of the technical trajectory. The sustainability of that debt reduction should result from appropriate fiscal policies.
Amendment 223 #
Proposal for a regulation
Recital 13 a (new)
Recital 13 a (new)
(13a) Following the submission of a Members State’s technical trajectory, a dialogue with the Commission should be initiated to assess compliance of its reference trajectory with the provisions of this Regulation.
Amendment 226 #
Proposal for a regulation
Recital 14
Recital 14
Amendment 233 #
Proposal for a regulation
Recital 15
Recital 15
(15) In order to assess whether further adjustments are required towards the end of the four-year implementation period of the national medium-term fiscal-structural plan, the Commission and the Member State should reassess the situation, and the Member State should put forward a new technical trajectory if the public debt of the Member State is still above 60% of GDP reference value or its government deficit is higher than 3% of GDP reference value.
Amendment 323 #
Proposal for a regulation
Article 2 – paragraph 1 – point 2
Article 2 – paragraph 1 – point 2
(2) ‘net expenditure’ means government expenditure net of interest expenditure, discretionary revenue measures and other budgetary variables outside the control of the government as set out in Annex II, point (a), expenditure on programmes of the Union fully matched by Union funds revenue, national expenditure on co- financing of programmes funded by the Union capped with a limit of 0.25% of GDP, cyclical elements of unemployment benefit expenditure, and costs related to the borrowing of funds for the loans related to the national Recovery and Resilience Facility Plans;
Amendment 334 #
Proposal for a regulation
Article 2 – paragraph 1 – point 3
Article 2 – paragraph 1 – point 3
(3) ‘technical trajectory’ means the net expenditure trajectory put forward by each Member State and subsequently negotiated with the Commission to provide guidance to Member States with public debt above the 60% of gross domestic product (GDP) reference value or government deficit above the 3% of GDP reference value when drawing up their national medium- term fiscal-structural plans;
Amendment 428 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
For each Member State having a public debt above the 60% of GDP reference value or a government deficit above the 3% of GDP reference value, the Commission shall put forward, in a report to the Economic and Financial Committee, a report on the technical trajectory for net expenditure, after the Member State concerned has submitted a proposal and after the dialogue referred to in Article 7(1a), for net expenditure covering a minimum adjustment period of 4 years of the national medium-term fiscal- structural plan, and its possible extension by a maximum of 3 years pursuant to Article 13. The Commission shall make the report public.
Amendment 490 #
Proposal for a regulation
Article 6 – paragraph 1 – point e
Article 6 – paragraph 1 – point e
Amendment 501 #
Proposal for a regulation
Article 6 – paragraph 1 – point e a (new)
Article 6 – paragraph 1 – point e a (new)
(ea) the measures contained in the national medium-term fiscal-structural plan are capable of ensuring the Member State’s growth and are therefore adequate to support strategic public investment;
Amendment 507 #
Proposal for a regulation
Article 6 – paragraph 2
Article 6 – paragraph 2
Amendment 526 #
Proposal for a regulation
Article 7 – paragraph 1 – point c
Article 7 – paragraph 1 – point c
Amendment 531 #
Proposal for a regulation
Article 7 – paragraph 1 a (new)
Article 7 – paragraph 1 a (new)
1a. By [1 March] of the year referred to in paragraph 1, each Member State shall submit its proposal for a technical trajectory to the Commission. That proposal shall take into account the information referred to in paragraph 1. Following the submission of a proposal, the Commission and the Member State shall engage in a dialogue with a view to ensuring that the proposed technical trajectory complies with Articles 5 and 6. The Commission shall provide the technical trajectories to the Council and the European Parliament, including the proposed trajectories put forward by the Member States, data, assumptions and calculations underlying the trajectories in a way that allows for reproduction.
Amendment 544 #
Proposal for a regulation
Article 7 – paragraph 3
Article 7 – paragraph 3
3. The CommissionEach Member State shall update the technical trajectories and the quantitative guidance at least once every 4 years in time for the submission of the next cycle of medium-term fiscal-structural plans.
Amendment 586 #
Proposal for a regulation
Article 9 – paragraph 1 a (new)
Article 9 – paragraph 1 a (new)
Prior to submission, the Member States shall discuss their draft national medium- term fiscal-structural plans with their national parliaments.
Amendment 609 #
Proposal for a regulation
Article 11 – paragraph 1 – subparagraph 2
Article 11 – paragraph 1 – subparagraph 2
Amendment 616 #
Proposal for a regulation
Article 11 – paragraph 2
Article 11 – paragraph 2
Amendment 647 #
Proposal for a regulation
Article 12 – paragraph 1 – point b
Article 12 – paragraph 1 – point b
(b) explain how it will ensure the delivery of investment and reforms responding to the main challenges identified within the European Semester, in the country-specific recommendations, correct the identified macroeconomic imbalances under the Macroeconomic Imbalances Procedure if applicable, and address the common priorities of the Union referred to in Annex VI of this Regulation, including the European Green Deal, European Pillar of Social Rights and the Digital Decade while being consistent with the updated National Energy and Climate Plans and the National Digital Decade Roadmaps;
Amendment 693 #
Proposal for a regulation
Article 13 – paragraph 2 – subparagraph 1
Article 13 – paragraph 2 – subparagraph 1
Amendment 750 #
Proposal for a regulation
Article 13 – paragraph 4
Article 13 – paragraph 4
4. During the lifetime of the Recovery and Resilience Facility, in accordance with Regulation (EU) 2021/241, commitments included in the approved Recovery and Resilience Plan of the Member State concerned can be taken into accoushall be considered sufficient for an extension of the adjustment period.
Amendment 779 #
Proposal for a regulation
Article 14 – paragraph 2
Article 14 – paragraph 2
2. Prior to the submission of the revised national medium-term fiscal- structural plan, the Commission shall put forward, in a report to the Economic and Financial Committee, athe new technical trajectory as agreed with the Member State.
Amendment 812 #
Proposal for a regulation
Article 15 – paragraph 2 – point a
Article 15 – paragraph 2 – point a
(a) whether the national medium-term fiscal-structural plan ensurprovides that public debt is put or kept on a plausibly downward path by the end of the adjustment period at the latest, or stays at prudent levels;
Amendment 831 #
Proposal for a regulation
Article 15 – paragraph 2 – point e
Article 15 – paragraph 2 – point e
Amendment 897 #
Proposal for a regulation
Article 18 – paragraph 1 – introductory part
Article 18 – paragraph 1 – introductory part
The Council shall, on a recommendation from the Commission, recommend to the Member State concerned that the technical trajectory issued by the Commission pursuant to Article 5 be the net expenditure path of the Member State where:
Amendment 1073 #
Proposal for a regulation
Annex I
Annex I