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Commission presents report on results of public survey on the EU's economic governance framework

The Commission published a report on 28 March that summarises the results of an online public survey on the future of the EU's economic governance framework.

Visual illustrating the report on results of the public survey on the EU Economic Governance Review, ©European Union
European Union

date:  31/03/2022

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The survey is an important element in the wider debate on the EU's economic governance framework which was relaunched in October 2021. The survey closed on 31 December 2021 and received 225 valid contributions from respondents in 25 different countries, including 21 EU Member States and four third countries. An analysis of the replies indicates that many respondents think that fiscal policy should become more growth-friendly, mindful of social issues, and support policy priorities for the twin green and digital transition. Most respondents acknowledge that debt sustainability should remain a central objective of the EU’s fiscal rules, while the adjustment path towards lower government debt should be realistic and gradual. Many respondents stress the need to incentivise investment as a feature of the economic governance framework. Green investment is identified as deserving special attention due to the global climate challenge. Survey participants also call for simplification and stronger national ownership of the fiscal rules. A good number of respondents viewed the Recovery and Resilience Facility at the heart of NextGenerationEU as a good inspiration for the future governance framework in terms of fostering national ownership and promoting reforms through positive incentives.