47 Amendments of Fabio Massimo CASTALDO related to 2023/0138(COD)
Amendment 205 #
Proposal for a regulation
Recital 11
Recital 11
(11) The presentation of the national medium-term fiscal-structural plan should be preceded by a technical dialogue with the Commission to ensure compliance with the provisions of this Regulation. On the basis of a recommendation from the Commission, the European Parliament and the Council should set the net expenditure path and endorse the reform and investment commitments, including those taken for the possible extension of the adjustment period, as appropriate.
Amendment 235 #
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 should reassess the situation and 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. The European Parliament and the Council commit themselves to adapt those reference values, even at Treaty level, in a manner to reflect the actual economic situation of the Union as a whole and to reach a fairer fiscal surveillance.
Amendment 292 #
Proposal for a regulation
Recital 32
Recital 32
Amendment 306 #
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
This Regulation sets out rules ensuring effective coordination of economic policies of the Member States, thereby supporting the achievement of the Union’s objectives for sustainable growth and employment.
Amendment 326 #
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, public investments that are growth-enhancing as defined in Annex VIII and other budgetary variables outside the control of the government as set out in Annex II, point (a);
Amendment 340 #
Proposal for a regulation
Article 2 – paragraph 1 – point 5
Article 2 – paragraph 1 – point 5
(5) ‘national medium-term fiscal- structural plan’ means the document containing the fiscal, reform, sustainability, social convergence and investment commitments of a Member State;
Amendment 346 #
Proposal for a regulation
Article 2 – paragraph 1 – point 6
Article 2 – paragraph 1 – point 6
(6) ‘annual progress report’ means the document of a Member State reporting on the implementation of the net expenditure path, and of the advancements in achieving the social and sustainable objectives, as well as reforms and investment commitments included in its national medium-term fiscal-structural plan;
Amendment 371 #
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
In order to ensure closer coordination of economic policies and sustained convergence of the economic and upward social performance of the Member States, the Council and the Commission shall conduct multilateral surveillance within the European Semester in accordance with the objectives and requirements set out in the TFEU. Multilateral surveillance shall rely on high quality and independent statistics, produced in accordance with the principles laid down in Regulation (EC) No 223/2009 of the European Parliament and of the Council.
Amendment 381 #
Proposal for a regulation
Article 3 – paragraph 2 – point a
Article 3 – paragraph 2 – point a
(a) the formulation, and the surveillance of the implementation, of the broad guidelines for the economic, social and sustainability policies of the Member States and of the Union in accordance with Article 121(2) TFEU and Article 148 TFEU, of country-specific recommendations and of the recommendation on the economic policy of the euro area, including progress toward sustainability objectives;
Amendment 385 #
Proposal for a regulation
Article 3 – paragraph 2 – point b
Article 3 – paragraph 2 – point b
(b) the formulation, and the surveillance of the implementation within a social convergence framework, of the employment guidelines that are to be taken into account by Member States in accordance with Article 148(2) TFEU, including the European Pillar of Social Rights, and of the related country-specific recommendations;
Amendment 395 #
Proposal for a regulation
Article 3 – paragraph 2 – point e
Article 3 – paragraph 2 – point e
(e) other multilateral surveillance procedures established by the European Parliament and the Council pursuant to Article 121(6) TFEU and Article 148 TFEU.
Amendment 411 #
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. Member States shall take due account of the broad guidelines for the economic policies of the Member States, of the employment guidelines and of the recommendations referred to in Article 3, second paragraph, points (a) and (b) before taking key decisions in the development of their economic, employment, sustainability and budgetary policies. Progress shall be monitored by the Commission.
Amendment 416 #
Proposal for a regulation
Article 4 – paragraph 3 – point b a (new)
Article 4 – paragraph 3 – point b a (new)
(b a) a warning by the Commission or a recommendation by the Council in accordance with Article 148 TFEU;
Amendment 431 #
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, having consulted relevant social partners, a technical trajectory 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 444 #
(a) at the end of the adjustment period, the public debt ratio is put or remains on a plausibly downward path, or stays at prudent levels;
Amendment 451 #
Proposal for a regulation
Article 6 – paragraph 1 – point b
Article 6 – paragraph 1 – point b
(b) at the end of the adjustment period, the government deficit is brought and maintained below the 3% of GDP reference valueor remains on a plausibly downward path;
Amendment 457 #
Proposal for a regulation
Article 6 – paragraph 1 – point c
Article 6 – paragraph 1 – point c
Amendment 491 #
Proposal for a regulation
Article 6 – paragraph 1 – point e
Article 6 – paragraph 1 – point e
Amendment 524 #
Proposal for a regulation
Article 7 – paragraph 1 – point b
Article 7 – paragraph 1 – point b
(b) its macroeconomic forecast and assumptions, including social and sustainability challenges;
Amendment 572 #
Proposal for a regulation
Article 9 – title
Article 9 – title
Amendment 614 #
Proposal for a regulation
Article 11 – paragraph 1 – subparagraph 2
Article 11 – paragraph 1 – subparagraph 2
The national medium-term fiscal-structural plan shall also describe the actions of the Member State concerned to address the country-specific recommendations, including those that are relevant for the Macroeconomic Imbalances Procedure, and the warnings by the Commission, where applicable, or the recommendations by the Council, where applicable, made pursuant to Article 121(4) TFEU and Article 148 TFEU.
Amendment 632 #
Proposal for a regulation
Article 12 – paragraph 1 – point a
Article 12 – paragraph 1 – point a
(a) ensure the fiscal adjustment necessary to put or keep public debt on a plausibly downward path byafter the end of the adjustment period at the latest, or remain at prudent levels, and to bring and maintain the government deficit below the 3% of GDP reference value over the medium termensure that, at the end of the adjustment period, the government deficit is put or remains on a plausibly downward path;
Amendment 657 #
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; and Important Projects of Common European Interest (IPCEI);
Amendment 677 #
Proposal for a regulation
Article 12 – paragraph 1 – point d a (new)
Article 12 – paragraph 1 – point d a (new)
(da) explain how it will ensure consistency with the expenditure on EU programmes fully matched by EU funds revenue and the relevant national co- financing;
Amendment 683 #
Proposal for a regulation
Article 12 – paragraph 1 – point d b (new)
Article 12 – paragraph 1 – point d b (new)
(db) be debated and approved by national parliaments in accordance with national procedures;
Amendment 684 #
Proposal for a regulation
Article 12 – paragraph 1 – point d c (new)
Article 12 – paragraph 1 – point d c (new)
(dc) be drafted after having consulted social partners in a timely and meaningful manner; the reforms proposed must be in line with the social policy goals as defined in the European Pillar of Social Rights and its action plan;
Amendment 698 #
Proposal for a regulation
Article 13 – paragraph 2 – subparagraph 1
Article 13 – paragraph 2 – subparagraph 1
The set of reform and investment commitments underpinning an extension of the adjustment period, shall be commensurate with the degree of public debt challenges and, challenges to medium- term growth and the investment gap from achieving the Sustainable Development Goals in the Member State concerned.
Amendment 731 #
Proposal for a regulation
Article 13 – paragraph 2 – subparagraph 2 – point iv
Article 13 – paragraph 2 – subparagraph 2 – point iv
(iv) address relevant country-specific recommendations addressed to the Member State concerned, including, where applicable, recommendations issued under the Macroeconomic Imbalances Procedure and social convergence procedures as referred to in Article 148 TFEU;
Amendment 773 #
Proposal for a regulation
Article 14 – paragraph 1
Article 14 – paragraph 1
1. A Member State may request to submit a revised national medium-term fiscal-structural plan to the Commission before the end of its adjustment period if there are objective circumstances, as those referred to in Article 24 and 25 of this Regulation, preventing the implementation of the original national medium-term fiscal- structural plan or if the submission of a new national medium-term fiscal- structural plan is requested by a new government.
Amendment 808 #
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 ensures that public debt is put or kept on a plausibly downward path byafter the end of the adjustment period at the latest, or stays at prudent levels;
Amendment 822 #
Proposal for a regulation
Article 15 – paragraph 2 – point c
Article 15 – paragraph 2 – point c
(c) whether the government deficit is maintained below the 3% of GDP reference value in the absence of further budgetary measures over a period of 10 yearsput or remains on a plausibly downward path;
Amendment 827 #
Proposal for a regulation
Article 15 – paragraph 2 – point d
Article 15 – paragraph 2 – point d
Amendment 852 #
Proposal for a regulation
Article 15 – paragraph 2 – point f
Article 15 – paragraph 2 – point f
(f) whether the public debt ratio at the end of the planning horizon is below the public debt ratio in the year before the start of the technical trajectory.set on a declining path or maintained at prudent levels;
Amendment 876 #
Proposal for a regulation
Article 16 – title
Article 16 – title
Endorsement of the national medium-term fiscal-structural plan by the European Parliament and the Council
Amendment 878 #
Proposal for a regulation
Article 16 – paragraph 1
Article 16 – paragraph 1
The European Parliament and the Council, on a recommendation from the Commission, shall adopt a recommendation setting the net expenditure path of the Member State concerned and, if applicable, endorsing the set of reform and investment commitments underpinning an extension of the adjustment period included in its national medium-term fiscal-structural plan within four weeks of the adoption of the Commission recommendation as a rule.
Amendment 886 #
Proposal for a regulation
Article 16 – paragraph 2
Article 16 – paragraph 2
Where the national medium-term fiscal- structural plan serves as the corrective action plan required for the correction of excessive macroeconomic imbalances, as provided for in Article 30, the European Parliament and the Council shall also endorse in that recommendation the reforms and investment necessary to correct the imbalances.
Amendment 889 #
Proposal for a regulation
Article 17 – title
Article 17 – title
Amendment 891 #
Proposal for a regulation
Article 17 – paragraph 1
Article 17 – paragraph 1
Where it considers that the plan does not comply with the requirements set out in Article 15 (2) and (3) point (a), the European Parliament and the Council shall, on a recommendation from the Commission, recommend that the Member State concerned submits a revised national medium-term fiscal-structural plan.
Amendment 894 #
Proposal for a regulation
Article 18 – title
Article 18 – title
Amendment 896 #
Proposal for a regulation
Article 18 – paragraph 1 – introductory part
Article 18 – paragraph 1 – introductory part
The European Parliament and the Council shall, on a recommendation from the Commission, recommend to the Member State concerned that the technical trajectory issued by the Commission be the net expenditure path of the Member State where:
Amendment 903 #
Proposal for a regulation
Article 18 – paragraph 1 – point b
Article 18 – paragraph 1 – point b
(b) the European Parliament and the Council considers that the revised national medium-term fiscal- structural plan does not comply with the requirements set out in Article 15(2) and (3), point (a);
Amendment 910 #
Proposal for a regulation
Article 19 – paragraph 1
Article 19 – paragraph 1
Where a Member State has been granted an extension of its adjustment period but fails to satisfactorily comply with its set of reform and investment commitments underpinning the extension referred to in Article 13(1), the European Parliament and the Council may on a recommendation from the Commission, recommend a revised net expenditure path with a shorter adjustment period.
Amendment 1081 #
Proposal for a regulation
Annex I – paragraph 1 – point a
Annex I – paragraph 1 – point a
(a) by theafter end of the adjustment period, at the latest, the 10-year debt trajectory in the absence of further budgetary measures is on a plausibly downward path or stays at prudent levels;
Amendment 1085 #
Proposal for a regulation
Annex I – paragraph 1 – point b
Annex I – paragraph 1 – point b
(b) the government deficit is brought and maintained below the 3% of GDP reference value in the absence of further budgetary measures over the same 10- year periodat the end of the adjustment period, the government deficit is put or remains on a plausibly downward path or stays at prudent levels;
Amendment 1089 #
Proposal for a regulation
Annex I – paragraph 1 – point c
Annex I – paragraph 1 – point c
Amendment 1100 #
Proposal for a regulation
Annex I – paragraph 1 – point f
Annex I – paragraph 1 – point f
Amendment 1185 #
Proposal for a regulation
Annex VII a (new)
Annex VII a (new)