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EU Fiscal Rules Revised
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Overview
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EU finance ministers have agreed to revise fiscal rules, shifting focus to net primary expenditure, debt reduction targets, and budget deficit limits. The rules aim to address excessive spending by member states through enforcement mechanisms.
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How might the enforcement mechanisms to address excessive spending by member states affect the overall economic stability of the EU?
How might the shift in focus from annual deficit and debt to net primary expenditure impact member states' fiscal policies?
What implications do the exclusion of interest payments from calculating deficit cuts until 2027 have for member states' debt reduction strategies?
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Sep 2023
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