32 Amendments of Bogdan RZOŃCA related to 2023/0138(COD)
Amendment 336 #
Proposal for a regulation
Article 2 – paragraph 1 – point 4
Article 2 – paragraph 1 – point 4
(4) ‘nationally financed net expenditure path’ means the multi-annual trajectory for net expenditure real growth of a Member State as set by the Council;
Amendment 341 #
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, structural reform and investment commitments of a Member State;
Amendment 358 #
Proposal for a regulation
Article 2 – paragraph 1 – point 9
Article 2 – paragraph 1 – point 9
(9) ‘structural balance’ means the cyclically adjusted general government balance net of one-off and temporary measures;
Amendment 363 #
Proposal for a regulation
Article 2 – paragraph 1 – point 10
Article 2 – paragraph 1 – point 10
(10) ‘structural primary balance’ means the cyclically adjusted general government balance net of one-off, temporary measures and net of interest expenditure.
Amendment 410 #
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, ofguidance addressed to them in the empdeveloypment 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 and budgetary policiesof their economic, employment and budgetary policies before taking key decisions on their national budgets for the succeeding years . Progress shall be monitored by the Commission.
Amendment 432 #
Proposal for a regulation
Article 5 – paragraph 1 a (new)
Article 5 – paragraph 1 a (new)
Based on an assessment of the Economic and Financial Committee, the Council shall, within the framework of multilateral surveillance under Article 121 TFEU, examine draft technical trajectories published by the Commission and assess whether the economic assumptions on which draft technical trajectories are based are plausible, and whether the fiscal adjustment effort is appropriate in order to promote the debt sustainability. The Council, on a recommendation from the Commission and after consulting the Economic and Financial Committee, shall adopt/endorse the draft technical trajectories. Expenditure paths adopted/endorsed by the Ecofin should become the basis for the EU fiscal surveillance and enforcement should there be no agreement on a medium-term fiscal- structural plan of a Member State.
Amendment 477 #
Proposal for a regulation
Article 6 – paragraph 1 – point d
Article 6 – paragraph 1 – point d
(d) the public debt ratio at the end of the planning horizon is belowin countries with the public debt ratio above 60% of GDP in the year before the start of the technical trajectory the public debt ratio at the end of the planning horizon is lower; and
Amendment 516 #
Proposal for a regulation
Article 7 – paragraph 1 – introductory part
Article 7 – paragraph 1 – introductory part
1. By [1 March]the end of November of the previous year of the year [xxxx] in which the Member States have to submit for the first time their medium-term fiscal- structural plans or, as appropriate, within 3 weeks from the request of the Member State to submit a new plan, the Commission shall publish:
Amendment 560 #
Proposal for a regulation
Article 8 – paragraph 1
Article 8 – paragraph 1
To assess plausibility that the projected public debt ratio of the Member State concerned is on a downward path or remains at a prudent level, the Commission shall use the commonly agreed methodology referred to in Annex V. The Commission shall make public its analysis of plausibility and the underlying data.
Amendment 604 #
Proposal for a regulation
Article 11 – paragraph 1 – subparagraph 1
Article 11 – paragraph 1 – subparagraph 1
The national medium-term fiscal-structural plan shall provide the information listed in Annex II. In particular, it shall present a nationally financed net expenditure trajectory covering a period of at least 4 years, as well as the underlying macroeconomic assumptions and the planned fiscal-structural measures in order to demonstrate compliance with the requirements of Article 12.
Amendment 615 #
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 relevant 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.
Amendment 645 #
Proposal for a regulation
Article 12 – paragraph 1 – point b
Article 12 – paragraph 1 – point b
(b) explain how it will ensure the delivery ofinclude investment and reforms responding to the main challenges identified within the European Semester, in the relevant country-specific recommendations, correct the identified mincluding those relevant for the Macroeconomic iImbalances under the MacroeconomicProcedure or under the Excessive 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 the Strategic Compass for Security and Defense;
Amendment 668 #
Proposal for a regulation
Article 12 – paragraph 1 – point c
Article 12 – paragraph 1 – point c
(c) if applicable, explain how it will ensure the delivery of a relevant set of reforms and investments referred to in Article 13, underpinning an extension of the Member State’s adjustment period by 3 years at most;
Amendment 672 #
Proposal for a regulation
Article 12 – paragraph 1 – point d
Article 12 – paragraph 1 – point d
(d) explain how it will ensure consistency with the Recovery and Resilience Plan of the Member State concerned during the period of availability of the Recovery and Resilience Facility in accordance with Regulation (EU) 2021/241.
Amendment 729 #
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 or under the Excessive Imbalance Procedure;
Amendment 853 #
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 ratioWhen assessing the national medium-term fiscal-structural plan the Commission shall examine for Member States with the public debt higher than 60% of GDP in the year before the start of the technical trajectory whether the public debt ratio.
Amendment 901 #
Proposal for a regulation
Article 18 – paragraph 1 – point a
Article 18 – paragraph 1 – point a
(a) the Member State concerned fails to submit a revised national medium-term fiscal-structural plan within one3 month of the recommendation by the Council;
Amendment 919 #
Proposal for a regulation
Article 20 – paragraph 1
Article 20 – paragraph 1
1. Each Member State shall submit to the Commission an annual progress report on the implementation of its national medium-term fiscal-structural plan, by 1530 April each year at the latest.
Amendment 999 #
Proposal for a regulation
Article 25 – paragraph 1
Article 25 – paragraph 1
On a recommendation from the Commission, or based on the request of a Member State subjected to the Commission opinion, the Council may adopt a recommendation allowing a Member State to deviate from its net expenditure path where exceptional circumstances outside the control of the Member State lead to a major impact on the public finances of the Member State concerned, provided it does not endanger fiscal sustainability in the medium term. The Council shall specify a time-limit for such a deviation.
Amendment 1005 #
Proposal for a regulation
Article 25 – paragraph 2
Article 25 – paragraph 2
The Council, on a recommendation from the Commission, or based on the request of a Member State subjected to the Commission opinion, may extend the period during which the Member State may deviate from the net expenditure path, provided that the exceptional circumstances persist. An extension may be granted more than once. However, each extension shall be for an additional period of one year at most.
Amendment 1083 #
Proposal for a regulation
Annex I – paragraph 1 – point a
Annex I – paragraph 1 – point a
(a) by the 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 based on a commonly agreed methodology;
Amendment 1094 #
Proposal for a regulation
Annex I – paragraph 1 – point d
Annex I – paragraph 1 – point d
(d) the adjustment effort is not postponed towards the final years of the adjustment period, that is to say the fiscal adjustment effort over the period of the national medium-term fiscal-structural plan calculated based on a commonly agreed methodology is at least proportional to the total effort over the entire adjustment period;
Amendment 1097 #
Proposal for a regulation
Annex I – paragraph 1 – point e
Annex I – paragraph 1 – point e
(e) theFor Member States having public debt ratio atabove the end60% of the planning horizon is below the public debt ratioGDP reference value in the year before the start of the technical trajectory, the technical trajectory shall ensure that the public debt ratio at the end of the planning horizon is lower; and
Amendment 1101 #
Proposal for a regulation
Annex I – paragraph 1 – point f
Annex I – paragraph 1 – point f
(f) national financed net expenditure growth remains below medium-term output growth, on average, as a rule over the horizon of the plan.
Amendment 1103 #
Proposal for a regulation
Annex II – paragraph 1 – point a
Annex II – paragraph 1 – point a
(a) The national financed net expenditure path referred to in Article 11. The other budgetary variables outside the control of the government that are part of the definition of net expenditure referred to in Article 2 consist in expenditure on programmes of the Union fully matched by Union funds revenue and cyclical elements of unemployment benefit expenditure.
Amendment 1130 #
Proposal for a regulation
Annex II – paragraph 1 – point n
Annex II – paragraph 1 – point n
(n) If applicable, reforms and investment to correct the identified macroeconomic imbalances under the Macroeconomic Imbalance Procedure or under the Excessive Imbalance Procedure.
Amendment 1139 #
Proposal for a regulation
Annex III – paragraph 1 – point a
Annex III – paragraph 1 – point a
(a) A comparison between the planned net expenditure based on the nationally financed net expenditure path set by the Council and the net expenditure based on outturn data.
Amendment 1157 #
Proposal for a regulation
Annex IV – paragraph 1
Annex IV – paragraph 1
The control account for each Member State referred to in Article 21 will record a debit when the actual net expenditure in the Member State in a given year is above the nationally financed net expenditure path set by the Council.
Amendment 1164 #
Proposal for a regulation
Annex V – paragraph 1 – indent 1
Annex V – paragraph 1 – indent 1
– public debt ratio should be declining, or stay at prudent levels, under the deterministic scenarios of the Commission’s medium-term public debt projection framework described in the Debt Sustainability Monitor 2022as established based on a commonly agreed methodology;
Amendment 1165 #
Proposal for a regulation
Annex V – paragraph 1 – indent 2
Annex V – paragraph 1 – indent 2
– the risk of the public debt ratio not decreasing in the 5 years following the adjustment period of the national medium- term fiscal-structural plan is sufficiently low. The risk is assessed with the help of the Commission’s stochastic analysis that is based on a commonly agreed methodology.
Amendment 1177 #
Proposal for a regulation
Annex VII – point 2 – paragraph 1
Annex VII – point 2 – paragraph 1
In accordance with Article 13(2), the set of reforms and investment commitments included in the national medium term fiscal structural plans underpinning an extension of the adjustment period shall be commensurate with the degree of public debt challenges as established in the most recent update of the Debt Sustainability Monitorbased on a commonly agreed methodology and challenges to medium-term growth in the Member State. For Member States where public debt challenges are linked to significant challenges to medium- term growth, the set of reforms and investments is expected to also address bottlenecks to medium-term growth.
Amendment 1183 #
Proposal for a regulation
Annex VII – point 2 – paragraph 2 – point 2.4 – introductory part
Annex VII – point 2 – paragraph 2 – point 2.4 – introductory part
2.4 The set of reform and investment commitments, taken altogether, addresses relevant country-specific recommendations, including, where applicable, recommendations issued under the Macroeconomic Imbalance Procedure or under the Excessive Imbalance Procedure;