European regulations regarding public budgets

Herman Matthijs discusses the important influence coming from new European budgetary rules. A thorough understanding of six-pack and the new procedures towards the European Semester is necessary for everyone following the budgetary procedures.

These European regulations and directives will have an important impact on the Belgian administration of public finances. There has to be given account to the EU monitoring and the compliance with the budgetary and macro-economic parameters. The problem for the European Union remains the division into one “Euro group” and one “non-Euro group”.