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|Lucio Pench, Director Fiscal Policy, Directorate-General for Economic and Fiscal Affairs, talks about the latest Report on Public finance in the EMU|
|The Report presents recent budgetary developments, describes advances in budgetary surveillance and proposes a new indicator of fiscal effort based on a narrative approach. It also shows the developments of health expenditures and the possibility of introducing cost-containing reforms that preserve high quality standards in the provision of health services.|