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1 toradh

  1. ECONOMICS|economic policy · FINANCE

    #669622

    IATE #3643829
    reference trajectory | technical trajectory
    en
    Sainmhíniú "net expenditure trajectory put forward by the Commission to provide guidance to Member States with public debt above the 60% of gross domestic product (GDP) reference value or government deficit above the 3% of GDP reference value when drawing up their national medium-term fiscal-structural plans" Tagairt "Proposal for a Regulation on the effective coordination of economic policies and multilateral budgetary surveillance and repealing Council Regulation (EC) No 1466/97, COM(2023) 240 final"
    Nóta The technical trajectory will be differentiated for each Member State and will take into account its public debt challenges. In particular, it will ensure that:- the public debt ratio is put on a plausibly downward path or stays at prudent levels;- the government deficit is brought and maintained below the 3% of GDP reference value;- the public debt ratio is lower at the end of the period covered by the plan than at the start of that period;- a minimum fiscal adjustment of 0.5% of GDP per year as a benchmark will have to be implemented so long as the deficit remains above 3% of GDP;- the fiscal effort over the horizon of the plan is at least proportional to the total effort over the entire adjustment period.