Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-287-062"
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"en.20110928.19.3-287-062"2
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"−
The Commission’s proposals on improving economic governance are of the highest importance for the future of the EU and for economic growth. This report, for which I voted, lays down specific rules applying to the budgetary frameworks of the Member States, which are necessary to ensure that the Member States meet their obligations in terms of avoiding excessive budget deficits. It advocates the need for the Member States to create accounting systems that cover all government sectors in a full and consistent way, and it adds that the Member States should ensure that their budget plan is based on realistic macroeconomic and budgetary assumptions, and that they use the most up-to-date information to determine whether this is the case. All government bodies and funds not forming part of the ordinary budgets at sub-sector level should be identified and submitted, along with other relevant information, as part of the annual budgetary procedure. Budgetary planning should be based on the most likely macro-fiscal scenario or on a more prudent scenario. In order to help the Member States prepare their budgetary forecasts, the Commission should provide forecasts of EU spending, based on the level of expenditure planned in the Multiannual Financial Framework."@en1
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