Commission publishes Public Finances Report 2016

The European Commission’s Directorate General for Economic and Financial Affairs (EFCIN) is publishing its annual Report on Public Finances in Economic and Monetary Union today. It provides an overview of key policy developments and contains some of the analysis underpinning the Commission Opinions on Member States’ Draft Budgetary Plans. In particular, the report focuses on recent trends in public finances in the EU. The report analyses the factors behind the investment gap in the EU and the criteria for an appropriate fiscal stance for the euro area. The Commission proposed a positive fiscal stance in its Communication Towards a Positive Euro Area Fiscal Stance, to promote growth in the context of a slow recovery while maintaining the sustainability of public finances. The Report on Public Finances in EMU 2016 will be available on the website of DG ECFIN from 15:00 CET, together with an infographic and a Q&A.