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The review of draft budgetary plans for 2020 – some implications for a reform of fiscal governance

Author

Listed:
  • Hauptmeier, Sebastian
  • Haroutunian, Stephan
  • Leiner-Killinger, Nadine

Abstract

This box informs about the review of draft budgetary plans for 2020 and derives some implications for a reform of fiscal governance. To this end, it also identifies weaknesses in the review exercise notably with respect to the follow-up of recommendations by the Council that the budgetary plans are supposed to entail. It would be important that such shortcomings be addressed, inter alia, in the Commission’s forthcoming review of the “six-pack” and “two-pack” regulations, which were implemented in 2011 and 2013 respectively, in the aim of strengthening fiscal governance. JEL Classification: H11, H50, H6

Suggested Citation

  • Hauptmeier, Sebastian & Haroutunian, Stephan & Leiner-Killinger, Nadine, 2019. "The review of draft budgetary plans for 2020 – some implications for a reform of fiscal governance," Economic Bulletin Boxes, European Central Bank, vol. 8.
  • Handle: RePEc:ecb:ecbbox:2019:0008:7
    Note: 538998
    as

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    More about this item

    Keywords

    Economic and Monetary Union (EMU); fiscal rules; Stability and Growth Pact (SGP);
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H6 - Public Economics - - National Budget, Deficit, and Debt

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