European fiscal rules, as enshrined in the Stability and Growth Pact, are currently suspended to allow governments to fight the economic fallout from the pandemic. Under current plans, these fiscal rules will be enacted again in 2024. The EU Commission is expected to put forward its SGP reform proposals based on the principles outlined in the March ECOFIN conclusions.
The objective of this exchange of views is to assess the changes needed in the Stability and Growth Pact in light of the current state of the debate and the initiative of the European Commission.
Points of discussion
- How to reduce the high and divergent public debt ratios in a sustainable, growth-friendly and realistic manner?
- How to promote better quality and composition of public finances and national ownership?