October 07, 2024 18:01 GMT
BRIEF: EU's Gentiloni-Limit To Budget Deadline Flexibility
EU Commissioner Gentiloni says he will not be endlessly flexible on deadlines for submission of states' 2025 budgets .
MNI (LONDON) - Europe’s Economy Commissioner Paolo Gentiloni said on Monday that there is a limit to flexibility as Spain admitted it would not be able to deliver its draft 2025 budget plan by the October 15 EU deadline.
"We can't lose the connection between the DBPs and the Medium-Term Fiscal Plans. Those two things need to be connected," the commissioner said.
A majority of member states are still expected to deliver both their medium-term plans as well as 2025 DBPs by the Oct 15 deadline, but a number of countries such as France, Belgium and Austria have made clear they will need more time. (See MNI POLICY: EU Likely To Ease Debt Reduction Rules)
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