A targeted golden rule for public investments? A comparative analysis of possible accounting methods in the context of the review of the SGP
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| Publication date | 01-2023 |
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| Number of pages | 42 |
| Publisher | Brussels: Economic Governance and EMU scrutiny Unit |
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| Abstract | The Communication by the European Commission to reform the Economic Governance Framework offers welcome headspace for public investment, while avoiding the de jure adoption of a ‘targeted Golden Rule’ as this could conflict with national accounting conventions. However, even with this reform, EU- strategic goals for public investment risk to be missed once the Recovery and Resilience Facility (RRF) runs out. Making a RRF-like instrument a permanent feature of the EU’s fiscal landscape could be a way forward. |
| Document type | Report |
| Note | PE 733.740 |
| Language | English |
| Published at | https://doi.org/10.2861/645363 |
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