10 Amendments of Burkhard BALZ related to 2011/0386(COD)
Amendment 82 #
Proposal for a regulation
Recital 7
Recital 7
(7) There is strong evidence showing the effectiveness of rules-based fiscal frameworks in supporting sound and sustainable fiscal policies. The introduction of national fiscal rules that are consistent with the budgetary objectives set at Union level should be a crucial element to ensure the long-term respect of the Stability and Growth Pact provisions. In particular, Member States should put in place structural balanced budget rules which transpose into national legislation the main principles of the Union fiscal framework. This transposition should be effective through binding rules preferably of a constitutional nature so as to demonstrate the strongest commitment of national authorities in relation to the Stability and Growth Pact.
Amendment 88 #
Proposal for a regulation
Recital 9
Recital 9
(9) This gradually strengthened surveillance willand coordination will complete the European Semester for economic policy coordination, further complement the existing provisions of the Stability and Growth Pact and strengthen the surveillance of budgetary disciplinsoundness and economic convergence in Member States whose currency is the euro. A gradually enhanced monitoring procedure should contribute to better budgetary outcomes to the benefit of all Member States whose currency is the euro. As part of a gradually strengthened procedure, a closer monitoring is particularly valuable to Member States that are subject to an excessive deficit procedure.
Amendment 133 #
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
(1) Member States shall, in the context of the European Semester defined in Article 2a of Regulation (EC) No 1466/97, make public, annually theirt the latest by 30 April each year, their national medium-term fiscal plans in accordance with their medium-term budgetary framework, based on credible and independent macroeconomic forecasts together with their Stability Programmes, no later than 15 April. The underlying forecasts shall be made public. These plans shall be presented together with the NRPs and SCPs and shall be fully compatible with the policy guidelines based on the annual growth survey and the annual reports under the macroeconomic imbalances procedure drawn up pursuant to Regulation (EU) No 1174/2011 and Regulation (EU) No 1176/2011.
Amendment 147 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
(1) Member States shall have in place numerical fiscal rules on the budget balance that implement in the national budgetary processes their medium-term budgetary objective as defined in Article 2a of Regulation (EC) No 1466/97; these rules may also include details concerning exceptional occurrences or severe economic downturns, in accordance with Articles 5 and 6 of Regulation (EC) No 1466/97. Such rules shall cover the general government as a whole and be of binding, preferably constitutional, nature.
Amendment 182 #
Proposal for a regulation
Article 5 – paragraph 3 – point d a (new)
Article 5 – paragraph 3 – point d a (new)
(da) details of the planned expenditure directly linked to the achievement of the Union’s growth and employment strategy (including public investment), together with details of the link with the achievement of the budgetary objectives in the long term;
Amendment 244 #
Proposal for a regulation
Article 7 – paragraph 2
Article 7 – paragraph 2
(2) The Member State subject to closer monitoring shall without delay carry out a comprehensive assessment of in-year budgetary execution for the general government and its sub-sectors. The financial risks associated to government- owned entities and government contractswith contingent liabilities with potentially large impacts on public budgets, as defined in Article 14(3) of Council Directive 2011/85/EU, shall also be covered by the assessment to the extent that they may contribute to the existence of an excessive deficit. The result of this assessment shall be included in the report submitted in accordance with Article 3(4a) or 5(1a) of Regulation (EC) No 1467/97 on action taken to correct the excessive deficit.
Amendment 249 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 1
Article 7 – paragraph 3 – subparagraph 1
The Member State subject to closer monitoring shall report regularly to the Commission and to the Economic and Financial Committee or any sub-committee it will designate for that purpose, for the general government and its sub-sectors, the in-year budgetary execution, the budgetary impact of discretionary measures taken on both the expenditure and the revenue side, targets for the government expenditure and revenues, as well as information on the measures adopted and the nature of those envisaged to achieve the targets. The report shall be made public.
Amendment 251 #
Proposal for a regulation
Article 7 – paragraph 6 – introductory part
Article 7 – paragraph 6 – introductory part
(6) On request and within the deadline set by the Commission, the Member State subject to closer monitoring shallin an excessive deficit procedure shall take the following action:
Amendment 259 #
Proposal for a regulation
Article 8 - paragraph 2
Article 8 - paragraph 2
2. In case of risks of non-compliance with the deadline to correct the excessive deficit, the Commission shall address a recommendation to the Member State concerned for adoption of further measures within a timeframe consistent with the deadline for the correction of its excessive deficit referred to in paragraph 1. The recommendation by the CommissCommission opinion shall be made public, and, a presented to the Eurogroup. At the request of the Parliament of the Member State concerned, it shall be presented by the Commission to the Parliament concerned.
Amendment 282 #
Proposal for a regulation
Article 11 – paragraph 1 – subparagraph 2 – point b a (new)
Article 11 – paragraph 1 – subparagraph 2 – point b a (new)
(ba) the contribution this Regulation makes to guaranteeing budgetary discipline.