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Fiscal policy implications of euro area countries’ 2023 draft budgetary plans

Fiscal policy implications of euro area countries’ 2023 draft budgetary plans

On 22 November 2022 the European Commission released its opinions on the draft budgetary plans (DBPs) of euro area countries for 2023. In its assessment of whether the budgetary plans for 2023 are in line with the Council’s recommendations, the Commission focused on the compliance of countries with an indicator developed in the context of the coronavirus (COVID-19) crisis which adjusts the SGP expenditure benchmark. […]