Dombrovskis and Gentiloni present the Fiscal Guidelines

Press conference by Valdis Dombrovskis, Executive Vice-President of the European Commission by Paolo Gentiloni, European Commissioner for the Economy.

“Member states must continue to protect nationally funded public investments and ensure the effective use of Pnrr and other EU funds. This is particularly important in light of the green and digital transitions. The fiscal adjustment that member states should achieve should not be achieved by cutting investment, but by limiting the growth of current expenditure".

This was stated by

according to which member states must continue to protect nationally funded public investments and ensure the effective use of the Pnrr and other EU funds.

This is especially important in light of the green and digital transition.

The fiscal adjustment that Member States should implement should not be achieved by cutting investment, but by limiting the growth of current expenditure".

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"

for 2024, which we will present in May, will contain a quantitative requirement and qualitative guidance on energy investments and measures. In line with our reform guidelines" of the Stability Pact, "the recommendations will be formulated on the basis of net primary expenditure" reported the EU Commissioner for the Economy.

"We confirm that

" Gentiloni said while meeting the press on the budget guidelines given by the Commission for 2024. "The European economy has recovered beyond its pre- -pandemic and has passed the acute phase of the energy price shock," he signaled.

"Uncertainty remains high, but the risks to growth are now broadly balanced."

"The peak in inflation appears to be behind us. However, underlying inflationary pressures are very present. So while the economy is improving, we are not out of the woods yet."

This was stated by the

when presenting the budget guidelines of the EU executive for 2024.