Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-03-30-Speech-2-122"

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"en.20040330.4.2-122"2
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". This proposal for a regulation is intended to be a vital tool in implementing Article 104 of the Treaty – under the excessive deficit procedure. It seeks to establish a requirement that Member States must provide data on government debt (Maastricht government debt) on a quarterly basis, forming part of a general trend of switching towards quarterly compilation of statistical data, although the formal excessive deficit procedure will continue to be based on annual statistics. According to the rapporteur, this will enable the budgetary situation of Member States to be monitored more closely, emerging budgetary problems to be pinpointed earlier and a better understanding to be gained of the impact of efforts made by Member States. The rapporteur could not have made herself clearer. Here is a further example of a policy – in this case the Stability Pact – that requires an accurate statistical instrument. Nevertheless, yet again, a statistical amendment has had a significant political impact, thereby increasing peer pressure on a Member State that has strayed from the aims of budgetary consolidation set out in its stability programme, and from fulfilling the aims of the Stability Pact. The major concern over this instrument is, therefore, political, especially with regard to its purpose. This is much more important than other concerns over the costs of compiling the statistics, of complying with the annual indicator or of having to compile statistics retroactively."@en1

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