Download or read book Economic and Budgetary Outlook for the European Union 2023 written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering an overview of the economic and budgetary situation in the European Union and beyond, and summarising the main economic indicators in the EU and euro area and their two-year trends, this study is the seventh in an annual series of 'Outlooks' produced by the European Parliamentary Research Service (EPRS). In seven chapters, the authors of the publication explain and analyse the annual EU budget and give an overview of its headings for 2023, all within the wider budgetary context of the EU's post-2020 multiannual financial framework and the Next Generation EU recovery instrument. This year's special 'economic focus' puts the spotlight on the EU's economic governance framework and its forthcoming revision, looking first at the current framework and then at the European Commission's proposal for its revision, and in particular, at how this framework could support greater investment levels across the EU.

Download or read book The new European Budgetary Order written by Robin Degron and published by Bruylant. This book was released on 2018-09-28 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Sovereign debt crisis pushed the EU to take a new step to the common financial rules. After some years of ‘soft budgetary carefreeness’, the European Budgetary Treaty boosted the movement of budgetary convergence in the EU. The ‘Six Pack’ and the ‘Two Pack’ consolidated the effectiveness of a new European budgetary order founded by the Maastricht Treaty and the Stability and Growth Pact. Even if mechanisms adopted by the Member States are formally different in law, conditions of European budgetary orthodoxy have been definitively hardened. This new rigor has a great impact on all the public administrations, as defined by the European Accounts System and Eurostat. The EU is a key-player of the budgetary game. This great power makes the EU accountable to the general economic situation within Europe and amongst all Member States. Budgetary regulation must be conciliated with preservation of some investment means to develop potential growth on the continent. ‘Giant in law’, the EU has to be responsible from an economic point of view. The problem is that, from a budgetary standpoint, the EU remains a ‘dwarf’. The European general budget is about 1% of the EU gross national income. The budgetary power of the EU is less than one twentieth of the USA federal financial power. Balance between ‘budgetary dwarf ’ and ‘giant in law’ is characteristic of ‘adolescence’ of the EU finances. Natural consequence of this situation, the EU capacities for redistributing and stabilization are still relatively limited. To overtake this powerlessness, the EU has used no budgetary tools by appealing to the European Investment Bank and the European Investment Fund. However, the ability of the EU to support public investment is not sufficient today to promote an authentic economic relaunching policy and to support the global competition, especially with the USA and China. With a ‘powerful brake’ and a ‘poor accelerator’, the risk is the European public investments continue to stand by. This is the investment paradox of the European budgetary order. Will the next negotiation on the multiyear financial framework post 2020 be able to change the point ? It is not sure, especially in the Brexit context. Negotiating an European financial agenda is always long and difficult. But, the exit of the United Kingdom could makes the game more disputed than ever. A thing is clear : beyond the technical and financial sizes of the new roadmap proposals established by the Commission, the democratic control of the European Parliament is still limited. The EU budgetary framework and timetable are too inert, not enough reactive, far from European citizens actually. In the historical moments we live, it is certainly a strategic mistake to not involve much more citizens and their representatives in the crucial negotiation on the long-term finances of the EU. This is the technocratic risk of the new European budgetary order.

Download or read book Economic and Budgetary Outlook for the European Union 2022 written by and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering an overview of the economic and budgetary situation in the EU and beyond, and summarising the main economic indicators in the EU and euro area and their two-year trends, this study is the sixth in an annual series of 'Outlooks' produced by the European Parliamentary Research Service (EPRS). In seven chapters, the authors of the publication explain and analyse the EU annual budget and give an overview of its headings for 2022, all within the wider budgetary context of the EU's post-2020 Multiannual Financial Framework (MFF) and the Next Generation EU (NGEU) recovery fund. This year's special 'economic focus' puts the spotlight on some aspects of the ongoing economic recovery- namely, fiscal and monetary matters, labour issues and environmental choices - and aims to give a flavour of the discussion expected in the coming months.

Download or read book Statement of Estimates of the European Commission for the Financial Year 2023 written by and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia's unprovoked and unjustified military aggression against Ukraine has brought human tragedy to Europe's doorstep. The Union has responded swiftly and decisively, by providing humanitarian aid, emergency assistance and large-scale support to Member States to support people fleeing Ukraine. Coordinated sanctions are in place, combined with measures to cope with all-time high energy prices and ending Europe's dependency on Russian oil and gas, including through REPowerEU, which will form, inter alia, an integral part of the recovery and resilience plans of the Member States. As set out in the Communication on Ukraine relief and reconstruction, a major long-term reconstruction effort to rebuild Ukraine will be required, whereas additional support will also be needed in the short-term. This should include macro-financial assistance to the Ukrainian government, complemented by providing emergency assistance and humanitarian aid. Given the prevailing uncertainties about the scale and nature of the support required, notably for the reconstruction phase, the Commission will present an amending letter to the Draft Budget for this purpose later this year. At the same time, the year 2023 should see the Union and its Member States recover further from the economic, social and health crisis caused by the COVID-19 pandemic. Economic recovery from the pandemic is underway as societies have reopened across Europe, thanks to the large-scale rollout of vaccines. However, pressure on healthcare systems, staff shortages, supply bottlenecks and rapidly increasing energy prices have all contributed to high inflationary pressures. Against the backdrop of the uncertainties surrounding the ways in which the economic impact of Russia's invasion of Ukraine will evolve, this implies that the full deployment of the EU budget and the European Union Recovery Instrument, NextGenerationEU, will be key to providing a boost to the EU's economy. The draft budget 2023 reflects these challenges alongside the priorities of the Union under the multiannual financial framework (MFF) for 2021-2027, underpinning the green and digital transitions to make the European economy fairer, more resilient and more sustainable for future generations. This is even more important in the current context of geopolitical instability and rising global challenges. To harness the full potential of the EU budget to mobilise investment and frontload financial support to provide a boost to the economy in the crucial first years of recovery, the draft budget is boosted by additional funding from NextGenerationEU. As an exceptional instrument put in place for a temporary period, NextGenerationEU gives the EU budget the additional firepower to drive essential crisis response and recovery measures. Commitments from NextGenerationEU are available until 2023, whereas payments can be made until the end of 2026. The non-repayable part of NextGenerationEU constitutes external assigned revenue. The corresponding appropriations are entered on the relevant budget lines and are used to frontload financial support and target reform priorities, in particular through the Recovery and Resilience Facility (RRF). Moreover, it reinforces programmes that are key to recovery and to the digital and green transitions, such as Horizon Europe, InvestEU, the enhanced EU Civil Protection Mechanism, including rescEU, and cohesion policy under the REACT-EU as well as rural development and the Just Transition Mechanism (JTM).

Download or read book Long term Forecast of Future Inflows and Outflows of the EU Budget 2023 2027 written by and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides projections for the inflows and outflows of the EU budget over the period 2023-2027. It is the second edition of the long-term forecast for revenue and expenditure stemming of the Multiannual Financial Framework (MFF) 2021-2027 and NextGenerationEU, updating the estimates presented in the June 2021 report. The forecast covers the next five years, in accordance with Article 247(1)(c) of the Financial Regulation. The period largely overlaps with last year's report, which exceptionally spanned over seven years from 2021 to 2027 to provide a comprehensive overview of the expected revenue inflows and the expenditure outflows under the ceilings of the then newly adopted MFF. Along with the MFF estimates, this forecast updates the projections of payments on all programmes under NextGenerationEU. This expenditure, additional to the spending under the MFF, is financed exclusively by revenue proceeds from borrowing operations on the capital markets. Payments from the EU budget follow commitments. The estimates in this report are based on the commitments of the financial programming accompanying the Draft Budget 2023. These include the adjustment of the MFF for the late adoption of rules and programmes under shared management under Article 7 of the MFF Regulation, the programme-specific adjustments under Article 5 of the MFF Regulation as well as re-use of de-commitments under Article 15(3) of the Financial Regulation. As regards revenue, the forecast is based on the revenue system of the Own Resources Decision. The revenue projections also consider the Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community (the 'Withdrawal Agreement').

Download or read book The New Politics of the European Union Budget written by Stefan Becker and published by . This book was released on 2017 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: After over a decade of relative stability, recent years have seen new momentum in EU budget politics. The Treaty of Lisbon introduced the broadest reform of budgetary procedures since the 1970s, while the financial and economic crisis has intensified scepticism towards European integration among citizens and decision-makers. As a result, the EU budget has become more controversial, more flexible and more fragmented. This volume brings together contributions from scholars and practitioners that address empirical and theoretical questions surrounding the new politics of the EU budget.

Download or read book Economic and Budgetary Outlook for the European Union 2020 written by Alessandro D'Alfonso and published by . This book was released on 2020 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study, the fourth in an annual series, provides an overview of the economic and budgetary situation in the EU and beyond. It summarises the main economic indicators in the EU and euro area and their two-year trends. It explains the annual EU budget, provides an overview of its headings for 2020, and sets out the wider budgetary framework – the multiannual financial framework (MFF) – and its possible evolution in the new decade. A special 'economic focus' puts the spotlight on the international role of the euro, and on various recent EU-level initiatives in this field.

Download or read book Economic and Budgetary Outlook for the European Union 2021 written by Alessandro D'Alfonso and published by . This book was released on 2021 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study, the fifth in an annual series, provides an overview of the economic and budgetary situation in the EU and beyond, and summarises the main economic indicators in the EU and euro area and their two-year trends. It also explains the annual EU budget, provides an overview of its headings for 2021, and sets out the wider budgetary framework – the post-2020 multiannual financial framework (MFF) and the Next Generation EU recovery instrument. This year's special 'economic focus' puts the spotlight on EU social and employment policies in the context of the coronavirus outbreak.

Download or read book The European Fund for Strategic Investments The Legacy written by European Investment Bank and published by European Investment Bank. This book was released on 2021-01-07 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inside story of the European Fund for Strategic Investments from 2015 to 2020 told through interviews with the Managing Director, Deputy Managing Director, members of the Investment Committee and final beneficiaries across Europe. The architects of this €500 billion-plus programme, the head of the EU bank and the president of the European Commission, describe the genesis of this financial pillar of the Investment Plan for Europe. Then the people who ran one of the biggest economic stimulus programmes in history detail how they did it—and what the lessons are for policymakers responding to new crises, including the economic shock caused by the COVID-19 pandemic. The European Fund for Strategic Investments has been one of the good news stories to emerge in a decade of economic uncertainty. It has gone well beyond its highly ambitious target of €500 billion in mobilised investments. The Juncker Plan has made a strong contribution to the 14 million jobs created in the EU between 2015 and 2020. It has become a success in co-financing projects that otherwise might not have been carried through. It has also charted the path towards new ways of financing. This is not only the case in relatively conventional areas, such as infrastructure, but also in sectors like research and innovation or the contribution to climate change mitigation. This is exactly what makes EFSI so ground-breaking: responding to the needs of the market through continuous financial innovation. The principle of the European Fund for Strategic Investments is here to stay. It has paved the way for its successor, the InvestEU programme, which is to be deployed under the 2021-2027 multiannual financial framework. This publication details why the programme was such a success.

Download or read book OECD Economic Outlook written by Organisation for Economic Co-operation and Development and published by . This book was released on 2009 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book OECD Economic Surveys European Union and Euro Area 2023 written by OECD and published by OECD Publishing. This book was released on 2023-09-21 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European recovery has been disrupted since the onset of Russia’s war of aggression against Ukraine. Co-ordinated and timely policy action helped avoid a severe downturn, but the near-term outlook is clouded by uncertainty and downside risks. Monetary and fiscal policy need to become sufficiently restrictive to reduce underlying inflationary pressures durably.

Download or read book Social policy in the European Union state of play 2015 written by David Natali (OSE) and published by ETUI. This book was released on 2015-09-23 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sixteenth edition of Social policy in the European Union: state of play has a triple ambition. First, it provides easily accessible information to a wide audience about recent developments in both EU and domestic social policymaking. Second, the volume provides a more analytical reading, embedding the key developments of the year 2014 in the most recent academic discourses. Third, the forward-looking perspective of the book aims to provide stakeholders and policymakers with specific tools that allow them to discern new opportunities to influence policymaking. In this 2015 edition of Social policy in the European Union: state of play, the authors tackle the topics of the state of EU politics after the parliamentary elections, the socialisation of the European Semester, methods of political protest, the Juncker investment plan, the EU’s contradictory education investment, the EU’s contested influence on national healthcare reforms, and the neoliberal Trojan Horse of the Transatlantic Trade and Investment Partnership (TTIP).

Download or read book Handbook of Research on Social and Economic Development in the European Union written by Bayar, Yilmaz and published by IGI Global. This book was released on 2019-11-29 with total page 614 pages. Available in PDF, EPUB and Kindle. Book excerpt: The EU has experienced serious economic and political crises such as the sovereign debt crisis and Brexit in the past few years. However, despite these issues, the EU has implemented considerable institutional, fiscal, and collective improvements during the unification process to continue as a significant actor in the global economy. The Handbook of Research on Social and Economic Development in the European Union provides a multidisciplinary evaluation of the institutional, economic, and social development of the European Union and makes inferences for the future dynamics and collaborations of the EU, the global economy, and other countries. Featuring coverage on a broad range of topics such as energy security, gender discrimination, and global economics, this book is ideally designed for government officials, policymakers, world leaders, politicians, diplomats, international relations officers, economists, business professionals, historians, market analysts, academicians, researchers, and students concerned about the multifaceted integration processes surrounding the EU.

Download or read book International Migration Outlook 2021 written by OECD and published by OECD Publishing. This book was released on 2021-10-28 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2021 edition of International Migration Outlook analyses recent developments in migration movements and the labour market inclusion of immigrants in OECD countries. It also monitors recent policy changes in migration governance and integration in OECD countries.

Download or read book One Market One Money written by Michael Emerson and published by . This book was released on 1992 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.

Download or read book Fiscal Policy after the Financial Crisis written by Alberto Alesina and published by University of Chicago Press. This book was released on 2013-06-25 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.

Download or read book OECD Economic Outlook Volume 2023 Issue 1 A long unwinding road written by OECD and published by OECD Publishing. This book was released on 2023-06-07 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global economic developments have begun to improve, helped by lower energy prices, improving business and consumer sentiment, and the reopening of China. However, the OECD Economic Outlook highlights that the upturn is fragile and the recovery is set to remain weak by past standards, with the effects of tighter monetary policy increasingly being felt.