Draft Budgetary Plan
The draft budgetary plan is prepared under the new requirements introduced through Regulation (EU) of the European Parliament and of the Council on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area (part of the so-called Two-Pack), approved in May 2013.
The aim of the Regulation is to improve the coordination of fiscal and structural policies while taking into account the rules of the Stability and Growth Pact and the Europe 2020 strategy. One of the specific instruments employed to achieve this objective are the ‘draft budgetary plans’ that present developments in fiscal position, expected economic development and descriptions of the fiscal policy measures needed to achieve medium-term objectives.
Years 2014 - 2016