Activities of Damian BOESELAGER related to 2022/2006(INI)
Shadow opinions (1)
OPINION on the European Semester for economic policy coordination: annual sustainable growth survey 2022
Amendments (11)
Amendment 4 #
Draft opinion
Paragraph 1
Paragraph 1
1. Underlines that the swift and decisive mobilisation of significant EU budgetary resources was instrumental in cushioning the impact of the COVID-19 crisis; recalls that Member States have taken sizeable fiscal measures in response to the pandemic and in support of the recovery (5.2% of GDP in 2021 and 2.8% of GDP in 2022), an increasing share of which is financed via the Recovery and Resilience Facility (RRF), which will fund 24% of total recovery support measures in 2022 ; highlights the stabilising effect of NGEU for Member States at a time of great economic uncertainty, thereby allowing governments to maintain investment levels and keep down borrowing costs despite immense demands on national budgets;
Amendment 11 #
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses that the Recovery and Resilience Facility (RRF) requires that the European Semester be reshaped to ensure the delivery of high-quality and ambitious national recovery and resilience plans (NRRPs); considers that the NRRPs are an opportunity for the Member States to address identified structural challenges and to make their economies more shock- resistant, sustainable and inclusive in line with the European Pillar of Social Rights and the Sustainable Development Goals and the EU’s climate commitments;
Amendment 13 #
Draft opinion
Paragraph 2a(new)
Paragraph 2a(new)
Amendment 18 #
Draft opinion
Paragraph 3
Paragraph 3
3. Welcomes the Recovery and Resilience Scoreboard, which is designed to monitorinform the wider public about progress on the implementation of the RRF; calls on the Commission to develop tools to ensure the robust implementation of the NRRPs and measure the attainment of targets and milestregrets that indicators are mostly output-based and lack a performance or results-based dimension; urges the Commission to concentrate on such results-based evaluationes as a prerequisite for the disbursement of RRF fundsin its annual reports on the RRF and the mid-term implementation report;
Amendment 23 #
Draft opinion
Paragraph 4a(new)
Paragraph 4a(new)
Amendment 24 #
Draft opinion
Paragraph 4b(new)
Paragraph 4b(new)
Amendment 30 #
Draft opinion
Paragraph 5
Paragraph 5
5. Recalls that public funding is key to achieving the 2030 climate objectives and addressing other social and economic challengesmeeting the EU’s ambitious Green Deal agenda will require significant investment and that, according to the Commission, the private and public investment gap to cater for the green transition is estimated at nearly EUR 520 billion per year for the next decade; further notes that, whereas a substantial share of the investment will be borne by the private sector, public investment will have to increase as well; underlines that significant fiscal space could be created by phasing out direct and indirect environmentally harmful subsidies, in particular fossil fuel subsidies, and redirecting financial flows to sustainable investments and actions and to fill part of the investment gap for the green transition; in addition reiterates its call for the reorientation of taxation systems towards an increased use of environmental taxation and to fight tax evasion and tax avoidance which would also contribute towards creating the needed fiscal space; considers that all options to incentivise Member State investments to tackle those challenges should be on the table, specifically the revision of the Stability and Growth Pact to promote a future-oriented economy and the extension of lending and borrowing capacities at EU level, building on NextGenerationEU;
Amendment 33 #
Draft opinion
Paragraph 6
Paragraph 6
6. Believes that RRF governance, notably the assessment and approval of the NRRPs by the Commission and the Council, provides a solid foundation for discussions on how to allow sufficient public investment under the fiscal ruleslacks democratic control through the European Parliament and national parliaments and reduces budgetary priority-setting to a technocratic exercise between the Commission and Member State governments; highlights that this lack of democratic accountability weakens the Commission’s ability to enforce ambitious reforms and investment projects in the Member States; calls specifically for the spending financed by RRF loans to benefit from special treatment in the EU fiscal framework, as otherwise borrower countries will have to reduce their non-RRF spending once the currently suspended fiscal rules are re- activated;
Amendment 40 #
Draft opinion
Paragraph 7
Paragraph 7
7. Recalls that the design of NextGenerationEU requires debt repayment through new own resources of the EU budget.; expects the Commission to put forward an ambitious basket of new own resources in 2023, so the revenues are sufficient to cover the debt servicing from 2028;
Amendment 41 #
Draft opinion
Paragraph 7a(new)
Paragraph 7a(new)
Amendment 42 #
Draft opinion
Paragraph 7b(new)
Paragraph 7b(new)