EU budget rules should remain suspended in 2022

The budgetary rules of the European Union should remain suspended in 2022, but could be reinstated in 2023the European Commission said on Wednesday, Reuters reported.

“The overall fiscal boost, derived from national budgets and the EU recovery fund, should remain supportive in 2021 and 2022“the statement read. Beyond 2022, EU fiscal policies must continue to take into account the strength of the recovery, the degree of economic uncertainty and fiscal sustainability considerations“.

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