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MNI BRIEF: New Fiscal Rules Ready For 2025 EU Fiscal Guidance

(MNI) Brussels

A deal on new European fiscal rules agreed unanimously among 27 member states on Wednesday should be agreed with the European Parliament before June 2024 elections, allowing the European Commission to issue fiscal guidance for 2025 budgets with the new framework, Commission Executive Vice President Valdis Dombrovskis told reporters.

Economy Commissioner Paolo Gentiloni conceded that the agreement added some complexity compared with the Commission’s original proposal for reforming the Stability and Growth Pact, but said core elements of the original had been preserved.

An amendment allowing member states some transitional room for investment helped secure the deal, Spanish Economy Minister Nadia Calvino told reporters. (See MNI: EU's Likely New Fiscal Deal Sounds Tough, Details Lacking)

MNI Brussels Bureau | david.thomas.ext@marketnews.com
Central Bank NewsPolicy NewsHomepageFiscalGovernment sectorStoryCEEMEAEurozoneBriefEuropean Central BankRegion
MNI Brussels Bureau | david.thomas.ext@marketnews.com
Central Bank NewsPolicy NewsHomepageFiscalGovernment sectorStoryCEEMEAEurozoneBriefEuropean Central BankRegion

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