Keres
Comparison of key figures in the 2018 Stability Programmes and European Commission spring 2018 forecast
The purpose of this document is to show the differences between some key indicators of the 2018 Stability Programmes (SP) of the Euro Area Member States and the spring 2018 forecast of the European Commission (EC). In accordance with Article 4 of Council Directive 2011/85/EU, the budgetary planning of the Member States “shall be based on the most likely macrofiscal scenario or on a more prudent scenario. (…). Significant dif¬fe¬ren¬ces between the chosen macrofiscal scenario and the (most recent) ...
The role of national fiscal bodies: State of play (April 2018)
This briefing provides an overview of the role played by national fiscal institutions in the preparations of forthcoming budgets in EU Member States. As part of the scrutiny of the implementation of the economic governance framework in the European Union, the objective of the briefing is twofold: 1) to give and overview of the extent to which the Stability or Convergence Programmes and the Draft Budgetary Plans contain information about the involvement of independent national fiscal bodies in the ...
Estimates of Parliament's 2017 budget
The budget of the European Parliament (EP), which accounts for less than 1.2% of the EU general budget, covers the administrative expenditure that ensures the functioning of an institution with 751 Members and 24 official languages. On 14 April 2016, the plenary is scheduled to vote on a report defining the priority objectives and proposed budget of the EP for next year.
Economic Dialogue with the Commission on 2016 Draft Budgetary Plans taking place on 15 December 2015
The paper is prepared by the Economic Governance Support Unit in advance of the Economic Dialogue with the Commission on 15 December 2015. Vice-president Dombrovskis and Commissioner Moscovici have been invited to an Economic Dialogue on the European Commission opinions on the 2016 Draft Budgetary Plans of the Euro Area Member States based on Articles 7 and 15 of EU Regulation 473/2013.
Parliament’s estimates of its 2016 budget
On 29 April 2015, the European Parliament (EP) is scheduled to vote on a report defining its priority objectives and proposed budget for next year as part of the procedure to establish the 2016 general budget of the European Union (EU). The EP's budget accounts for around 1.2% of the EU budget.
How is the Initial Budget Modified Throughout the Year? Examples for the Years 2007-2009
This note aims at providing some information on the changes brought to the annual Budget as voted by the Parliament at the end of each year. It provides figures on the budgetary modifications, which mainly include amending budgets and transfers. It also focuses on the year-end amending budget reducing the level of payments appropriations to align the budget to the estimates of needs, which reduces Member States contributions to the EU budget. The note concludes that such an amending budget does ...
Forecasting Budgetary Deficits
Under the Stability and Growth Pact countries in the Euro area are required to balance their budgets over the economic cycle, with an upper deficit limit of 3%. Will this be possible? This study examines the sensitivity of different countries' revenues and expenditures to changes in economic conditions, including a worst-case 'bust' scenario.