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Changing Europe's budgetary framework

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Article

Bender, Christian ; Botta, Fabio ; Lenk, Thomas

Intereconomics. Review of European Economic Policy

2023

58

5

267-273

EU Governance ; fiscal policy ; budgetary resources ; European Union

EU countries

European Union

https://doi.org/10.2478/ie-2023-0055

English

Bibliogr.

"European governance is in a state of upheaval. Due to the impact of the coronavirus pandemic, the Russian war of aggression in Ukraine and the energy price crisis, European fiscal policy has come under increasing pressure. In this complex situation, the European Commission considers a return to the previous fiscal rules to be impracticable and has presented reform proposals. These include the strengthening of national independent fiscal institutions through the bundling and expansion of tasks and duties. This article examines the implications that the implementation would have with regard to the Independent Advisory Board to the Stability Council in Germany."

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