1 Amendments of Sari ESSAYAH related to 2010/0278(COD)
Amendment 126 #
Proposal for a regulation
Recital 5
Recital 5
(5) Sanctions for Member States whose currency is the euro in the preventive part of the Stability and Growth Pact should provide incentives for prudent fiscal policy-making. Such policy-making should ensure that the growth rate of government expenditure does not normally exceed a prudent medium-term growth rate of gross domestic product (GDP), unless the excess is matched by increases in government revenues or discretionary revenue reductions are compensated by reductions in expenditure. This should be regarded as a minimum requirement, as the government budget should have a substantial structural surplus in order to guarantee its long-term sustainability.