13 Amendments of Philippe LAMBERTS related to 2010/0277(NLE)
Amendment 75 #
Recital 8
8. A crucial element in ensuring the use of realistic forecasts for the conduct of budgetary policy is transparency, which must entail public availability of the methodologies, assumptions and parameters on which the official macroeconomic and budgetary forecasts are based. The Commission itself shall make public the methodologies, assumptions, and parameters that underpin its macroeconomic and budgetary forecasts.
Amendment 89 #
Recital 12 a (new)
12a. The escape clauses allowing for a temporary deviation from the national fiscal rules refer to serious and exceptional economic circumstances and mitigating factors under Directive 1466/97 as specified in Council Regulation (EU) No …/… amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure.
Amendment 103 #
Recital 14 a (new)
14a. The European Council adopted in March and June 2010 the EU2020 Strategy for a smart, sustainable and inclusive growth and jobs and wanted to base it on an enhanced coordination of economic policies. Therefore, since the economic governance puts the public debt on a equal footing with deficit, the medium-term budgetary frameworks should also contribute to alleviate the burden weighing on the shoulders of future generations.
Amendment 105 #
Recital 15 a (new)
15a. Taking into account the principal of conferral that governs the limits of Union competences under Article 5 of the Treaty on European Union, the establishment of medium-term budgetary framework and the adoption of the multi-annual fiscal planning does not deprive any newly- elected government within the time frame covered by the planning to modify the previous policy options retained in order to reflect its own priorities. However, these priorities will be set under the constraints of article 126 of the Treaty on the Functioning of the EU.
Amendment 115 #
Recital 18 a (new)
18a. Participating Member States that do not comply with the provisions of this Directive will incur sanctions in the form of the lodging of a non-bearing interest deposit. In the event of a persistent non- compliance, this amount will be allocated as guarantees for EU relevant projects financed by the European Investment Bank. On the other hand, the Commission will take the non-compliance of Member States in ERMII as an aggravating factor to be reported in the convergence report set in accordance with Article 140 of the TFEU.
Amendment 132 #
Article 4 – paragraph 1 a (new)
1a. The Commission shall make public the methodologies, assumptions, and parameters that underpin its macroeconomic and budgetary forecasts.
Amendment 134 #
Article 4 – paragraph 2
2. Macroeconomic and budgetary forecasts for fiscal planning shall comprise alternative macroeconomic scenarios to examine the path of fiscal variables under different economic conditions. The range of alternative scenarios used in macroeconomic and budgetary forecasts shall be guided by past forecast performance and shall endeavour to take into account the impacts of macroeconomic imbalances, where those have been highlighted in accordance with Regulation of the European Parliament and of the Council on the prevention and correction of macroeconomic imbalances.
Amendment 158 #
Article 6 – paragraph 1 – point d
(d) escape clauses, setting out a limited number of specific circumstances in which temporary non-compliance with the rule is permitted. The Commission shall, after consultation with Member States and the European Parliament, define these circumstances.
Amendment 163 #
Article 8 – paragraph 1
1. Member States shall establish an effective medium-term budgetary framework providing for the adoption of a fiscal planning horizon of at least threefour years to ensure that national fiscal planning follows a multiannual fiscal planning perspective.
Amendment 166 #
Article 8 – paragraph 2 – point a
(a) comprehensive and transparent multi- annual budgetary objectives in terms of the general government deficit, debt, primary balance, and any other summary fiscal indicator, ensuring that these are consistent with any fiscal rules as provided for in Chapter IV in force,
Amendment 169 #
Article 8 – paragraph 2 – point b a (new)
(ba) indicators reflecting the contribution of fiscal policy to a sustainable economy: an estimation of fiscal fraud in percent of total revenue, the progressivity of income tax system, environmental taxes in percent of total revenue, and the general government net financial liabilities,
Amendment 174 #
Article 9 a (new)
Article 9 a This Directive shall not prohibit any newly-elected government to update the medium-term budgetary framework to reflect its new policy priorities provided: - its debt-to-GDP ratio is sufficiently diminishing and approaching the reference value at a satisfactory pace; - its budgetary position remains on the path to reach the medium-term budgetary objectives set in accordance with Regulation of the European Parliament and of the Council amending Regulation (EC) No 1466/97 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies. The Member State shall highlight the differences with the previous medium- term budgetary framework.
Amendment 183 #
Article 14 a (new)
Article 14a The Council, acting on a proposal from the Commission, decides to impose the lodging of a non-interest-bearing deposit to participating Member States whose currency is the euro that fail to comply with all or part of this Directive. The non- interest-bearing deposit shall amount to 0.2% of the GDP of the Member State concerned in the preceding year. In the event of persistent non-compliance one year after the Decision, the amount of the deposit will be allocated as guarantees for EU relevant projects financed by the European Investment Bank in conformity with provisions of Protocol n°5 of the Treaty. The Commission will take into account the failure of Member States with a derogation to comply with certain parts of the legislation in the report established in accordance with article 140 TFEU.