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MNI BRIEF: European Fiscal Board Calls For Fiscal Tightening

Eurozone states need to implement additional fiscal tightening measures in their draft budget plans for next year, the European Fiscal Board warned in a report on Wednesday.
“The difference between total government expenditure and revenues is expected at 2.8 %of GDP, broadly unchanged from the previous year. The debt-to-GDP ratio is expected to increase slightly to above 90% of GDP,” the EFB said, noting that this came despite an acceleration in growth and the phasing out of temporary energy support measures. (See MNI POLICY: European Fiscal Board To Call For Spending Restraint In Report)

MNI Brussels Bureau | david.thomas.ext@marketnews.com
Central Bank NewsPolicy NewsFiscalCEEMEAEurozoneBriefStoryRegion
MNI Brussels Bureau | david.thomas.ext@marketnews.com
Central Bank NewsPolicy NewsFiscalCEEMEAEurozoneBriefStoryRegion

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