10 Amendments of Gabriele ZIMMER related to 2010/0280(COD)
Amendment 64 #
Proposal for a regulation – amending act
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The European Parliament rejects the Commission proposal.
Amendment 74 #
Proposal for a regulation – amending act
Recital 9
Recital 9
(9) PrudentSound fiscal policy- making implies that the growth rate of government expenditure does normally not exceed a prudentpublic finances; over the medium term, adhere to a set of expenditure and revenue indicative guidelines. Growth in tax revenue (with temporary sources of revenue being excluded) should normally not fall behind the medium- term growth rate o f GDP, increases in excess of that norm are matched by d. Growth in government expenditure (with those social benefits and expenditure components being related to the business cycle) should normally not exceed a prudent medium term growth rate of GDP. Discretionary increases in government revenues andexpenditure or discretionary revenue reductions are compensated by reductions in expenditurein tax revenue are to be offset by accompanying other discretionary measures, either on the side of expenditure or/and on the side of tax revenues.
Amendment 76 #
Proposal for a regulation – amending act
Recital 10
Recital 10
(10) A temporary departure from prudentsound fiscal policy-making should be allowed in case of a severe economic downturn of a general nature, including the period in which the economy is operating below its normal potential, in order to facilitate a full economic recovery.
Amendment 88 #
Proposal for a regulation – amending act
Article 1 – point 4
Article 1 – point 4
Regulation (EC) No 1466/97
Article 5 – paragraph 1 – subparagraph 3
Article 5 – paragraph 1 – subparagraph 3
With a view to ensuring that the medium- term budgetary objective is effectively achieved and maintained, the Council shall verify that the growth path of government expenditure, taken in conjunction with the and the growth path of tax revenue, taking into account the possible compensating effects of measures being taken or planned on the revenue side, isoffsetting discretionary measures, are consistent with prudentsound fiscal policy-making.
Amendment 91 #
Proposal for a regulation – amending act
Article 1 – point 4
Article 1 – point 4
Regulation (EC) No 1466/97
Article 5 – paragraph 1 – subparagraph 4 – point a
Article 5 – paragraph 1 – subparagraph 4 – point a
(a) for Member States that have achieved the medium-term budgetary objective, annual expenditure growth does not exceed a prudentthe estimate of medium-term rate of GDP growth, whereas growth in tax revenue does not stay behind the growth in government revenue unless the excess ises or gaps are matched by discretionary revenue measmeasures in revenue or/and expenditures;
Amendment 93 #
Proposal for a regulation – amending act
Article 1 – point 4
Article 1 – point 4
Regulation (EC) No 1466/97
Article 5 – paragraph 1 – subparagraph 4 – point b
Article 5 – paragraph 1 – subparagraph 4 – point b
(b) for Member States that have not yet reached their medium-term budgetary objective , annual growth in tax revenue should exceed the medium term rate of growth of GDP, whereas annual medium term expenditure growth doesshould not exceed a rate below a prudent medium- term rate of GDP growth, unless the excess is matched by discretionary revenue measures. The impact of unemployment benefits and other social expenditure related to the business cycle is not to be taken into account when in the calculation and assessment of the growth path of government expenditure. Deviations from these indicative expenditure and growth paths shall not be seen as a problem in case these deviations are matched by discretionary measures, either on the expenditure side or the revenue side or both. The size of the shortfall of the growth rate of government expenditure compared to a prudent medium-term rate of GDP growth is, and the size of the excess of growth rate of tax revenue compared to medium term GDP growth are both set in such a way as to ensure an appropriate adjustment towards the medium-term budgetary objective;
Amendment 96 #
Proposal for a regulation – amending act
Article 1 – point 4
Article 1 – point 4
Regulation (EC) No 1466/97
Article 5 – paragraph 1 – subparagraph 6
Article 5 – paragraph 1 – subparagraph 6
When defining the adjustment path to the medium-term budgetary objective for Member States that have not yet reached this objective and in allowing a temporary deviation from this objective for Member States that have already reached it, under the condition that an appropriate safety margin with respect to the deficit reference value is preserved and that the budgetary position is expected to return to the medium-term budgetary objective within the programme period, the Council shall take into account the implementation of major structural reforms which have direct long-term cost-saving effects, including by raising potential growth, and therefore a verifiable impact on the long-term sustainability of public financesare conducive to the achievement of the Union’s objectives of growth, jobs and social and regional cohesion.
Amendment 98 #
Proposal for a regulation – amending act
Article 1 – point 4
Article 1 – point 4
Regulation (EC) No 1466/97
Article 5 – paragraph 1 – subparagraph 7
Article 5 – paragraph 1 – subparagraph 7
Special attention shall be paid to pensionthose reforms introducing a multi-pillar system that includes a mandatory, fully funded pillarthat maintain existing jobs and create new and better jobs as well as reforms based on public investments. Member States implementing such reforms shall be allowed to deviate from the adjustment path to their medium-term budgetary objective or from the objective itself, with the deviation reflecting the net cost of the reform to the publicly managed pillar, under the condition that the deviation remains temporary and that an appropriate safety margin with respect to the deficit reference value is preserved.
Amendment 101 #
Proposal for a regulation – amending act
Article 1 – point 4
Article 1 – point 4
Regulation (EC) No 1466/97
Article 5 – paragraph 1 – subparagraph 9
Article 5 – paragraph 1 – subparagraph 9
In periods of severe economic downturn of a general nature, including its aftermath and the period in which the economy is still operating below potential Member States mayshall be allowed to temporarily depart from the adjustment path implied by prudent fiscal- policy making referred to in the fourth subparagraph.
Amendment 119 #
Proposal for a regulation – amending act
Article 1 – point 8
Article 1 – point 8
Regulation (EC) No 1466/97
Article 9 – paragraph 1 – subparagraph 7
Article 9 – paragraph 1 – subparagraph 7
Special attention shall be paid to pension reforms introducing a multi-pillar system that includes a mandatory, fullypublic and pay-as- you-go funded pillar. Member States implementing such reforms shall be allowed to deviate from the adjustment path to their medium-term budgetary objective or from the objective itself, with the deviation reflecting the net cost of the reform to the publicly managed pillar, under the condition that the deviation remains temporary and that an appropriate safety margin with respect to the deficit reference value is preserved.