Stabilization and integration plan for 2021 From European Commission

0 4 2 minutes read

The following is the Stabilization and integration plan for 2021 From European Commission recommended by recordtrend.com. And this article belongs to the classification: Investment & Economy, research report.

The European Commission issued the “stability and integration plan for 2021”, which proves that the EU has taken unprecedented financial response to the new crown pandemic. Fiscal policy eased the decline in economic activity in 2020, although at the cost of a sharp rise in government deficits and debt ratios. The proportion of EU’s overall deficit in GDP increased from 0.5% in 2019 to about 7% in 2020, while the total debt ratio increased from 79% a year ago to 92% in 2020.

The overall fiscal policy will support a strong and sustainable recovery in 2021 and 2022. Public investment will play an important role in the recovery phase.

It is expected that the basic financial situation of different Member States will vary. In most Member States, the growth of state funded current expenditure is expected to exceed the medium-term growth rate in 2021 and 2022, indicating fiscal relaxation and making a positive contribution to the overall fiscal situation. It is expected that the fiscal relaxation of the two member countries will exceed 0.5% of GDP within two years. In contrast, about a quarter of member states are expected to take some austerity measures as the economic situation improves.

It is expected that the fiscal position of the whole eurozone will remain supportive in 2021 and 2022. This includes fiscal stimulus provided by the EU through the recovery and recovery Fund (RRF) and the phasing out of temporary emergency measures. Fiscal policy will provide additional support for the total demand of the eurozone, accounting for about 1.75% of GDP in 2021 and 0.25% of GDP in 2022.

The national budget and EU budget are expected to support almost all Member States in 2021 and 2022. The regional resources fund will provide large-scale financial support to Member States, with grants of up to 312.5 billion euros and loans of 360 billion euros. RRF grants will fund high-quality investment projects and promote productivity reform without leading to higher national deficits and debt ratios. These grants and other financing will promote public investment in member states in 2021 and 2022, accounting for an average of about 0.5% of GDP per year, and help member states maintain a supportive fiscal position. Differences among member countries will depend on the distribution of RRF grants relative to GDP and the absorption of these grants.

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.