Examples of using Budgetary frameworks in English and their translations into Polish
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Medium-term budgetary frameworks shall include procedures for establishing the following items.
A draft directive on requirements for the member states' budgetary frameworks.
Budgetary frameworks for exit strategies with regard to measures taken during the economic and financial crisis;
The report deals with requirements for the budgetary frameworks of the Member States.
Effective budgetary surveillance at the euro area level needs to be complemented by a focus on the national budgetary frameworks.
These are the subject of the Directive on national budgetary frameworks that is being proposed to complement the reform of the SGP.
Medium‑term budgetary frameworks are strictly instrumental in ensuring that budgetary frameworks of the Member States are consistent with the legislation of the Union.
Iii ensuring that all Member States have national budgetary rules and medium term budgetary frameworks in line with the SGP;
We are in favour of creating national budgetary frameworks that guarantee transparency, economic coordination and verification of compliance with European commitments.
The Commission has today decided to send a formal request to Slovenia to implement Council Directive 2011/85/EU on requirements for budgetary frameworks of the EU Member States.
Domestic budgetary frameworks need also to adopt a multi-annual fiscal planning perspective so as to ensure the achievement of the medium-term objectives set at EU level.
Ensuring that all Member States have national budgetary rules and medium term budgetary frameworks in line with the Stability and Growth Pact; their effects should be assessed by the Commission and the Council;
The national budgetary frameworks should include the establishment and strengthening of the role of independent fiscal bodies and ensure the publication of transparent fiscal statistics.
Mr President, ladies and gentlemen, we all acknowledge that monitoring of the short- and long-term macro-economic variables in the European Union has failed,not least regarding budgetary frameworks and accumulated national debt.
Putting in place stronger medium-term budgetary frameworks offers a chance to overcome political economy considerations in both the design and implementation of fiscal policy.
Country-specific differences in fiscal room for manoeuvre should be considered, conditional on strong andcredible national budgetary institutions and medium-term budgetary frameworks;
The existence of well-designed budgetary frameworks strengthening domestic fiscal governance is a key element in the sound management of public finances, and contributes to the sustainability of public finances in the euro area as a whole.
Recent economic developments have posed new challenges to the conduct of fiscal policy across the Union and have in particular highlighted the need for uniform requirements as regards the rules andprocedures forming the budgetary frameworks of the Member States.
A tighter Stability and Growth Pact, increased requirements for transparency anddiscipline in the national budgetary frameworks and a new system for preventing economic imbalances are all key elements in the work to stabilise state finances and the financial market.
The particular decentralised nature of fiscal policy-making in the EU andthe general need for national ownership of EU rules make it essential that the objectives of the EMU budgetary coordination framework are reflected in the national budgetary frameworks.
In addition to the earlier highlighted role that national fiscal rules and medium-term budgetary frameworks play in strengthening budgetary performance, fiscal governance can also contribute to fostering expenditure efficiency, better target public expenditure and support public finance reforms.
This includes public accounting systems, statistics, forecasting practices, numerical fiscal rules, budgetary procedures governing all stages of the budget process andmedium term budgetary frameworks in particular, and fiscal relations across government sub-sectors.
The Council HIGHLIGHTS the value of comprehensive fiscal frameworks, encompassing numerical fiscal rules,medium-term budgetary frameworks, transparent credible control and enforcement instruments, budgetary procedures and credible fiscal institutions, and ENCOURAGES Members States to enhance the arrangements to strengthen their fiscal governance.
With a view to strengthening the national ownership of the medium-term budgetary targets formulated in the SCPs and the consistency between SCPs and subsequent annual budgets,Member States could consider supplementing their domestic budgetary frameworks with national multiannual fiscal rules consistent with the SCPs targets.
Since fiscal policy-making is decentralised,it is essential that the objectives of the SGP are reflected in the national budgetary frameworks, i.e. the set of elements that form the basis of national fiscal governance accounting systems, statistics, forecasting practices, fiscal rules, budgetary procedures and fiscal relations with other entities such as local or regional authorities.
Looking ahead, new Member States can avoid a trade-off between maintaining fiscal prudence andmaking sufficient funds available for growth-enhancing public expenditures if they follow best practice for fiscal governance(including transparent and credible medium-term budgetary frameworks) and increase the quality of public finances.
Furthermore, Member States should strengthen national budgetary frameworks, enhance the quality of public expenditure and improve the sustainability of public finances through a three-pronged strategy consisting of a fast pace of debt reduction, reform of age-related public expenditure, such as health spending, and contributing to raising effective retirement ages to ensure that age-related public expenditure is financially viable, socially adequate and accessible.
Member States are encouraged to improve their domestic fiscal frameworks, in the area of national systems of public accounting and statistics, macroeconomic and budgetary forecasts, numerical fiscal rules, medium term budgetary frameworks, transparency of general government finances andcomprehensive scope of budgetary frameworks.
The role of such sub-national governments in ensuring that the Stability and Growth Pact is adhered to has thereby increased considerably, and particular attention should be paid to ensuring that all general government sub-sectors are duly covered by the scope of the obligations andprocedures laid down in domestic budgetary frameworks, specifically, but not exclusively, in such more decentralised Member States.
In particular, the European Council agreed on:(i) strengthening both the preventive and corrective parts of the SGP, including with sanctions and taking due account of the particular situation of euro-area Member States;(ii) giving, in budgetary surveillance, a much more prominent role to levels and evolutions of debt and overall sustainability;(iii) ensuring that all MemberStates have national budgetary rules and medium term budgetary frameworks in line with the SGP;(iv) ensuring the quality of statistical data.
